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Baron Funds Comments on TransDigm Group Inc.

May 24, 2012 | About:
Holly LaFon

Holly LaFon

248 followers
From Baron Funds' first quarter letter: TransDigm Group, Inc. (TDG), the manufacturer of airplane parts, with a focus on the aftermarket, continued to gain. The company reported that organic growth in its core aerospace market grew over 20%. Cash flow margins were 49%, which is pretty remarkable. And the company announced another meaningful acquisition, the $750 million purchase of Amsafe.We believe that TransDigm Group management will successfully integrate the target and greatly increase its revenues and profitability as they have proven so capable of doing.

Rating: 3.3/5 (6 votes)

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