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.
Track Gurus’ Stock Purchases Daily – Real Time Guru Picks
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.
Click Here to Try It Free!