Replies to post #7900 on The Rising Influence of Rising Affluence

[DewDiligence]

The timing of today’s HES SEC filing and PR presumably coincides with HES’ receipt of the IRS private letter ruling that says HES can spinoff shares of the retail business to existing HES shareholders via a tax-free distribution.

[DewDiligence]

Factoid from HES’ filing today: HES is the largest single franchisee of Dunkin’ Donuts.