Wednesday, December 17, 2008

Sellers on Premier's management issues

http://www.sec.gov/Archives/edgar/data/796764/000095015208010212/l34728cprrn14a.htm

Must read for all current and prospective Premier shareholders. Warning: Current shareholders may experience loss of sleep the night of reading this(I did).

My thoughts on reading this ranged from wow to Wow(not the good kind of Wow). I knew going in that the quality of management was iffy here, but I had no idea that things were this bad. Good thing they have such valuable assets, eh?

Often wrong but seldom in doubt,
Ragu

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