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Baron Funds Comments on Agrinos AS

May 01, 2013 | About:
Agrinos AS (AALYF) declined 46.3% in the quarter. Agrinos is a green technology company with a unique, microbial product that enhances crop yields. The company's stock price performance in the quarter was weak because a delay in receivables collection led to a change in accounting policy, with no revenue booked for Mexico in the fourth quarter. We continue to believe Agrinos has disruptive technology and exciting long-term growth prospects. (Catherine Chen)

From Baron Funds’ first quarter 2013 letter.

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