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Baron Funds Comments on Green Dot Corp.

December 07, 2012 | About:

Shares of prepaid card program manager Green Dot Corp. (NYSE:GDOT) fell 44.7% in the third quarter. The stock came under pressure after the company lowered expectations in its second quarter earnings report, and concerns grew about the strength of its exclusivity arrangements with various distributors. We sold our shares. (Rob Susman)

From Baron Funds third quarter letter.

Rating: 2.8/5 (4 votes)


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