JPMorgan analyst Andrew Steinerman noted that a short report published this morning raised questions around fraudulent practices within Cintas' Fire Protection Services business. While he noted that Cintas management had not yet read the short report when he spoke with them, he said that company management indicated that there are no systemic issues of improper inspections or licensing practices and that they are confident in the policies and procedures in place. Responding to questions around fast growing accounts receivable recently, management said that the combination of SAP conversion and the large GK acquisition make it only natural that receivables are impacted. On questions of allegedly worsening cash collections, management responded that the low rates on commercial paper rates have been compelling and driving usage of short-term financing recently, Steinerman added. He has an Overweight rating on Cintas shares.