Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Baron Funds Comments on CBRE Group Inc.

May 24, 2012 | About:
Holly LaFon

Holly LaFon

84 followers
From Baron Funds' first quarter letter: CBRE Group, Inc. ("CB Richard Ellis") (CBG), the global leading commercial real estate firm, has continued to benefit from a rebound in its leasing, investment sales, property management, and investment management businesses. We believe, with the recovery in the commercial real estate market, the company may double its earnings in the next four to five years. Management has set 2012 earnings guidance of at least $1.20 per share, which we believe could grow to $2.40 per share by 2016. Applying a 15 times multiple to $2.40 per share in earnings would result in approximately 100% upside from today's share price.

Tickers in the article:


Download guru portfolio report (PDF format):

Ron BaronDownload Guru portfolio report
Ron Baron (Updated on 05/20/2013)

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!


Rating: 3.2/5 (5 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.