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Ron Baron Comments on Liquidity Services Inc.

June 10, 2013 | About:
Holly LaFon

Holly LaFon

277 followers
Liquidity Services, Inc. (LQDT) brings efficiencies through online auctions to a large, but fragmented, reverse supply chain industry consisting of returns, damaged goods and capital asset sales. Shares of Liquidity Services were down significantly during the period. The company reduced its outlook for 2013, after having just lowered expectations for the fourth quarter. We decided to sell our shares (predominantly to fund other investments). (Ashim Mehra)

From Baron Funds’ first quarter 2013 commentary.

Rating: 5.0/5 (1 vote)

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