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Baron Funds Comments on WYN
Posted by: Holly LaFon (IP Logged)
Date: May 24, 2012 01:55PM
From Baron Funds' first quarter letter: Wyndham Worldwide Corp. (WYN) has continued to be a positive contributor to the Fund following its strong share price performance in 2011.The company is benefiting from growth in its franchise, timeshare, and vacation and rentals businesses. Management has continued to allocate capital prudently, utilizing its high free cash flow to buy back shares, retire debt, increase its dividend, and acquire companies.We believe valuation remains attractive.
Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: WYN,
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