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  "documentTitle": "Prestige Consumer Healthcare Inc. (PBH)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-06-30 00:00:00",
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      "text": "How can management or investors measure the ROI of switch without understanding the economic benefit?",
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      "text": "Management has been unable to quantify the benefit of the logistics transition",
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      "text": "Over the past year, PBH has spent $9.2 million for the transition to a new 3rd party logistics provider. Management wants investors to ignore the costs by removing them from adjusted financials, but likely plans to include the benefit from the transition. As of January 2020, half of revenues have been transferred, but management has still been unable to provide clear, quantifiable guidance to investors.",
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      "text": "I'd like to comment on our upcoming transition around logistics... We will provide additional information and updates during the year as we make progress on the transition. Chris will provide additional details on the financial aspects of this change as well. — Ronald Lombardi, Q1 2020 Earnings Call",
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      "text": "Source: Company filings, Earnings Earnings call transcripts",
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