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Baron Funds Comments on Genesee & Wyoming Inc.

December 07, 2012 | About:



Shares of the leading short-line railroad, Genesee & Wyoming, Inc. (GWR), rose 26.5% in the third quarter after the announcement of a transformational acquisition. Genesee purchased its primary competitor, RailAmerica, for $2 billion. The combined entity makes Genesee & Wyoming the dominant regional operator in the U.S. The acquisition also positions the company as a key U.S. industrial recovery play. (Matt Weiss)From Baron Funds third quarter letter.


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