From: Richard Kahn < Sent: Wednesday, April 1, 2015 12:36 PM To: Jeffrey E. Subject: APO research report from MS Attachments: MSNA20150308262251.pdf Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 > 1 EFTA_R1_02140294 EFTA02714459