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Leith Wheeler Canadian Equity Fund Comments on BRP Inc.

The top performer in the Fund was BRP (TSX:DOO), up 26.5% after it reported strong revenue and earnings growth in the first quarter. Retail sales demonstrate that BRP continues to gain market share in most vehicle segments. The company raised guidance for the remainder of the year and announced a substantial issuer bid to repurchase up to $300 million in stock. Over the fourth quarter of 2018 and into 2019, we added to our position in BRP as the valuation had come down.

From Leith Wheeler Canadian Equity (Trades, Portfolio) Fund's second-quarter 2019 quarterly review.
This article first appeared on GuruFocus.