Wall Street Is Questioning Billy Prim, The People Of Winston Should Do The Same
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The Journal recently reported that an activist investment firm is going after Billy Prim, Primo Water’s founder, and current Executive Chairman. Legion Partners LP of Beverly Hills is aggressively targeting the Yadkin County native and his chums on Primo’s board in a just-released, 11-page open letter. The “small-town entrepreneur [who] tackled Wall Street and came away with a $400 million deal” may get tackled by Wall Street this go-round. In the 11-page document, Legion Partners LP argues that Primo has underperformed under Prim. Legion expressed outrage that Prim stacked Primo’s board with his know-nothing friends from his former business, Blue Rhino.