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Baron Funds Comments on Equinix Inc.
Posted by: guruhl (IP Logged)
Date: December 7, 2012 10:29AM
Equinix, Inc. (EQIX), the operator of network-neutral data centers, continued its strong earnings and stock performance, rising 17.3% for the quarter and 132.0% for the year. The company announced its intention to convert to a REIT, as it had been contemplating for a while. The company's cash flow will be valued at a higher multiple as a REIT, in line with other data center companies and similar businesses that have elected to convert to REIT status.
From Baron Funds third quarter letter.
Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: EQIX,