Genesee & Wyoming is a one-of-a-kind, global railroad company with dominant positions in North America and Australia, said Lee Rosenbaum, portfolio manager for the Loomis Sayles Global Equity and Income Fund. Rosenbaum added that the company’s recent acquisition of Europe’s Freightliner improves its position in the U.K. and gives Genesee an enticing entry point into Eastern Europe. He is also bullish on ING, calling it is a high quality, attractively valued business that can grow intrinsically over time. Finally, Rosenbaum is positive on Anheuser Busch Inbev, saying the brewer has done a good job of managing its core brands, especially in emerging markets, even as craft beers increase in popularity.
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