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Westport Asset Management Comments on Precision Castparts

August 08, 2013 | About:

Making the third largest contribution for the half was Precision Castparts Corp. (NYSE:PCP), the components supplier to the aerospace industry. After being essentially flat in the first quarter, the stock rose over 19% in the second quarter, adding 177 basis points to performance. As we had anticipated, the shares rose as problems with Boeing's 787 were resolved.

From Westport Asset Management's second quarter 2013 letter.


Rating: 4.3/5 (4 votes)

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