Sam's Club Contract Will Likely go to AmerisourceBergen; Blow to McKesson Corp.

According to Cleveland Research, it would appear as though AmerisourceBergen ABC has won Sam's Club contract, which should attribute between $700 million and $900 million in annual revenues. In early- to mid-summer (June/July) the contract with Sam's will shift from McKesson Corp. MCK to ABC. Cleveland Research believes that McKesson's 2014 fiscal year revenues remain at risk due to the lost contract. ABC is currently up ~.75 percent in early Monday Trading. MCK is currently down ~.75 percent in early Monday Trading.