Baron Funds Comments on CaesarStone Sdot-Yam Ltd.

Nov 21, 2013

CaesarStone Sdot-Yam Ltd. (CSTE, Financial) saw its stock price rise 67.8% during the third quarter. CaesarStone is a leading global manufacturer of quartz surfaces for kitchens and bathrooms. Performance was driven by second quarter earnings that beat Street expectations and management's positive outlook. Earnings growth accelerated from a successful new product launch, as quartz continued to gain market share from other countertop materials, such as granite and marble. (David Kirshenbaum)

From Ron Baron’s Baron Funds third quarter 2013 report.

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