From Baron Funds first quarter letter: Shares of Mettler-Toledo International, Inc. (MTD, Financial), a leading provider of weighing instruments (such as balances and scales) used in laboratory, industrial and food retailing applications, gained 25.1%. The stock benefited from improving global macroeconomic conditions.The Chinese government began to adopt policies to stimulate economic growth, and China represents a key growth driver for Mettler, accounting for roughly 16% of company sales.We continue to believe Mettler has solid long-term growth prospects. (Neal Kaufman)
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