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Ahhh ... the value of patience. The estimated revenue from their 2011 IPO offering was $250 million, which was withdrawn because of hostile market conditions. The same $250 million was the guess November 2012 when word of this became public. Their patience may generate a 28% premium to those earlier targets if the auction goes well.
Reply to @Mark: I have stated several times here and the old FundAlarm Website, "if you like the funds, you might just love the fund company." Over the years, I have owned both GROW & TROW and always made money. Regards, Ted
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Regards,
Ted