Grokking ABI From Other Angles

Dear Client:David Belaunde and Patrick Wood at Morgan Stanley have gone against some conventional thinking in recent notes on ABI. One misconception that David pointed out in a recent research not to investors is that while red system distributor consolidation is an opportunity and is happening, "it is not always to the benefit of the producers." David believes that it doesn't suit ABI to have just a few mega-distributors. The real opportunity that they see for ABI is in improving