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Baron Funds Comments on Advent Software Inc.

August 07, 2013 | About:

Advent Software, Inc. (ADVS), the provider of critical back-office software to the investment management business, rose 25.3% in the quarter. Earnings showed significant improvement both in sales and margins. The company announced that in conclusion of its evaluation of strategic alternatives, it would pursue a leveraged recap and pay out a $9/per share special dividend. A result with which we are happy.

From Ron Baron’s second quarter 2013 commentary.


Rating: 1.0/5 (1 vote)

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