SIG 2.20% $1.34 sigma healthcare limited

Ann: AXX: Sigma, Chemist Warehouse merger raises comp.concerns, page-18

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    How do they get $800 odd mill profit or whatever it is out of franchise fees and wholesale totally eclipsing all other wholesalers doing the same thing? There structure must be a little different from most pharmacies including twcm and Priceline. I would love to see a cwh franchise agreement, anyone have one?
 
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