Shares of Neogen Corp. (NEOG, Financial), a leading provider of food and animal safety products, contributed to performance. Neogen is relatively well positioned to manage through the COVID-19 crisis. Neogen is an “essential” business, has a strong balance sheet, and its mission to protect the food supply chain is more critical than ever. We believe that Neogen is a good company with solid industry tailwinds (increasing global protein consumption and more emphasis on food safety).
From Ron Baron (Trades, Portfolio)'s Baron Growth Fund first-quarter 2020 shareholder letter.
