Ron Baron Comments on AO World plc

Guru stock highlight

Author's Avatar
Apr 25, 2017

AO World plc (LSE:AO.) is the leading online seller of major domestic appliances in the U.K. Shares were down in the first quarter as the company continues to be impacted by rising manufacturing prices as the British pound weakens relative to the Euro. We expect these higher prices to stabilize later in 2017. AO continues to execute its domestic plan and take share from competitors, and we expect its German business to expand while the company works to improve terms with vendors in advance of further volume expansion. (Ashim Mehra)

From Ron Baron (Trades, Portfolio)'s first quarter 2017 Baron Partners Fund commentary.