Baron Funds Comments on The Spectranetics Corp.

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Aug 19, 2015

The Spectranetics Corporation (SPNC, Financial) is a medical device company that specializes in equipment that clears plaque from cardiac and peripheral (arm and leg) arteries. Shares fell after the company reported that it had missed revenues in the first quarter and lowered full year guidance. We believe the market misunderstood certain dynamics and bought more near the bottom. (Randy Gwirtzman)

From Baron Funds’ second quarter 2015 commentary.