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Baron Funds Comments on WYN

May 24, 2012 | About:
Holly LaFon

Holly LaFon

211 followers
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.

Rating: 2.6/5 (7 votes)

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