Baron Funds Comments on Kroton Educacional SA

May 29, 2014

Kroton Educacional SA (OTCPK:KROTY, Financial), the largest for-profit college in Brazil, posted excellent operating results in 2013. During the first quarter, Kroton released yet another strong set of financial results and provided preliminary 2014 student enrollment figures that topped expectations, suggesting another strong year ahead. Not surprisingly, shares reacted positively by rising sharply during the quarter

From Baron Funds' first quarter 2014 commentary.

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