While surfing the internet, I noticed that Ron Baron (founder of Baron Capital, an investment management firm) has just bought shares of Caesarstone Sdot-Yam Ltd. The company engages in the manufacture and sale of Engineered stone surfaces such as are used for kitchen countertops, vanity tops and tiles.

The company shares have dropped 32.55% in the past 52 Weeks. (read here) The share price has dropped below the Peter Lynch Earnings Line. (read here)

Not too long ago in 6 July 2015, the 52 week high price of the stock is $70.28 (read here).

 The reason for the plunge in the share prices could be attributed to attack from short-selling market research firm Spruce Point Capital Management in Aug 2015 (read here and here).

In 29 Sept 2015, the securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been …