Master settlement agreement ratified, though more narrowly than we expected
ABFS already up $1 in pre-market at 8:00 am. Expect it to be a good day.
Sentiment: Strong Buy
Excellent news. The cost savings are substantial. EPS pickup enormous. $1 in "hard" cost saves, and $1 from "soft" post execution. Should get reflected in stock.
Thanks for the update. Can you talk about the impact to earnings, the company in general and the cost savings to the company?
We see $1 to eps in "hard" cost saves, plus another likely $1 from "soft" assuming company executes post ratification