Westport Select Cap Fund Comments on United Rentals Inc

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Jul 28, 2014

During the first half of 2014, four stocks contributed 1% or more to performance. The leader was United Rentals, Inc. (URI), which rose 34% and added 201 basis points iii. Already the largest factor in the rental of equipment used in non-residential construction, the company announced the acquisition of National Pump Company. This purchase will expand the company’s position in the fast growing energy sector, and is projected to be highly accretive to earnings.

From Westport Asset Management (Trades, Portfolio)’s Westport Select Cap Fund Second Quarter 2014 Commentary.