1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on RigNet Inc.

February 26, 2014 | About:

RigNet, Inc. (NASDAQ:RNET) a provider of telecommunication services to the oil and gas industry, was up 29% in the quarter. The company benefitted from two events. First, the company announced its intent to acquire Inmarsat's Energy Broadband business. We believe that this acquisition will be highly accretive for RigNet and that RigNet can significantly improve margins in the first couple of years of operations. The second event that benefitted the company was the acquisition by KKR of a 27% stake from Cubera (both KKR and Cubera are private equity firms). The possibility for Cubera to exit via a secondary stock sale had been an overhang on the stock, so this transaction removed that issue.

From Ron Baron (Trades, Portfolio)'s Baron Funds fourth quarter 2013 letter to shareholders.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus has detected 2 Warning Signs with RigNet Inc $RNET.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by


User Generated Screeners


lmm50MAY
DANGORDONFAST GROWERS 5-28-17
lmm50Tweedy
lmm50insider
DANGORDONOP MARG PROF, ROE 5-28-17
ntelumPAUL-1
Open Mind LearningSME UNDER 2BN
pbarker46Begin here 3
DANGORDONRETURN ON EQ 5-28-17
tuhindevValuation
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK