Short Seller Targets Primerica Stock Claiming Agents Are Engaged In Deceptive Behavior, Shares Sink
Short Seller Targets Primerica Stock Claiming Agents Are Engaged In Deceptive Behavior, Shares Sink
Primerica, Inc. (NYSE:PRI) shares have turned lower Thursday after the Bear Cave issued a fresh short report on the stock.
Primerica, Inc.（纽约证券交易所代码：PRI）股价周四走低，此前熊洞发布了新的空头报告。
What Happened: Short-selling firm the Bear Cave has targeted Primerica stock in a new bearish report claiming the company's highest-producing agents are engaged in misleading, false, or deceptive behavior.
发生了什么：卖空公司Bear Cave在一份新的看跌报告中将目标对准了Primerica的股票，声称该公司产量最高的代理商从事误导、虚假或欺骗行为。
The short seller noted Primerica explicitly states that its business model, which involved deploying life insurance-licensed sales representatives to provide financial products and services to middle-income households, was "not a pyramid scheme."
卖空者指出，Primerica明确表示，其商业模式，包括部署获得人寿保险许可的销售代表为中等收入家庭提供金融产品和服务，“不是传销计划”。
"The Bear Cave sees things differently," the short seller said.
卖空者说：“熊洞对事物的看法有所不同。”
Benzinga reached out to Primerica for comment, but has not yet received a response.
本辛加联系了Primerica征求意见，但尚未收到回应。
The Bear Cave said it reviewed extensive evidence that suggested Primerica's agents were engaging in deceptive conduct including a recorded Zoom presentation that appeared to suggest an internal investigation was ongoing. Other evidence included a recruiting script for new agents that appeared to deliberately obfuscate their association with Primerica, agent presentations that emphasize recruiting and more.
Bear Cave表示，它审查了大量证据，这些证据表明Primerica的特工正在从事欺骗行为，其中包括Zoom录制的演示文稿，该演示似乎表明内部调查正在进行中。其他证据包括似乎故意混淆他们与Primerica关系的新特工的招募剧本、强调招募的特工演示等等。
"One text message recruiting script for Primerica agents, obtained by The Bear Cave through online searches, even appears to conceal the role of Primerica and instead instructs recruits to say the company is 'PFS Inc,' potentially so friends and family won't find the voluminous online criticism of Primerica," the short seller said.
卖空者说：“The Bear Cave通过在线搜索获得的一条针对Primerica代理商的招聘短信脚本甚至似乎隐瞒了Primerica的角色，而是指示新兵说该公司是'PFS Inc'，这样朋友和家人就不会在网上找到对Primerica的大量批评了。”
Beyond aggressive recruiting, the Bear Cave claimed some top agents also appear concerned about cultural integrity issues at the company, noting that one million dollar earner asked questions about dishonest business practices in a recorded Zoom call from 2023.
Bear Cave声称，除了激进的招聘外，一些顶级代理商似乎也对公司的文化诚信问题感到担忧，并指出，在2023年录制的Zoom电话会议中，有100万美元收入者询问了有关不诚实商业行为的问题。
The Bear Cave also said it obtained complaints against Primerica through a public records request filed with the Florida Attorney General's Office.
Bear Cave还表示，它通过向佛罗里达州总检察长办公室提交的公开记录请求获得了对Primerica的投诉。
"Primerica customers aren't the only ones complaining. Across blogs, Reddit, and YouTube many ex-Primerica agents are sharing their bad Primerica experiences. And on Glassdoor many of the reviews are no better," the Bear Cave said.
“Primerica的客户并不是唯一抱怨的人。在博客、Reddit和YouTube上，许多前Primerica代理商都在分享他们在Primerica的不良经历。在Glassdoor上，许多评论也没有好转，” 熊洞说。
Primerica had a market cap of approximately $7.34 billion as of Wednesday's close.
截至周三收盘，Primerica的市值约为73.4亿美元。
PRI Price Action: Primerica shares were down 8.94% at $192.72 at the time of publication, according to Benzinga Pro.
PRI价格走势：根据Benzinga Pro的数据，截至发布时，Primerica股价下跌8.94％，至192.72美元。
This illustration was generated using artificial intelligence via Midjourney.
该插图是通过 Midjourney 使用人工智能生成的。