Baron Funds Comments on Pinnacle Entertainment Inc

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Mar 24, 2015

Shares of Pinnacle Entertainment, Inc. (PNK), a regional casino company, declined in the fourth quarter after the company announced it would start the process of converting to a REIT and spinning off its real estate assets. Investors grew cautious ahead of a proposed equity offering that Pinnacle is planning for mid-2015 to help reduce its debt. The Fund exited its position in Pinnacle. (David Baron)

From Ron Baron (Trades, Portfolio)’s Baron Focused Growth Fund Q4 2014 Quarterly Report.