's mutual fund, FPA Capital, has recently submitted its portfolio
updates for 2012's fourth quarter consisting of one stake
increase and five stake reductions.
The five stake reductions were in the following companies:
Trinity Industries (
), Signet Jewelers (
), Federated Investors (
) Ensco (
) and Atwood Oceanics (
As the only stock Rodriguez added to in the fourth quarter,
process equipment solutions company Veeco Inc. has been in the
fund's portfolio since the third quarter of 2011, starting off
with 225,000 shares. Today, FPA Capital sits with 420,500 shares.
Veeco is engaged in providing process equipment solutions to
enable the manufacturing of LEDs, power electronics, hard drives
and wireless chips. Its stock is currently up 1.91 percent this
afternoon, trading at $30.92. GuruFocus ranks the company 9 in
Financial Strength and 7 in Profitability and Growth.
In its latest fiscal results for its third quarter, Veeco
revealed that it generated $46 million in cash flow from
operations, and that its revenue of $127 million for the quarter
was in line with its expectations.
For the entire 2012 year, Veeco forecasts that its revenue will
be over $500 million, delivering double-digit profitability
According to its
, Veeco has had a 10-year revenue growth rate of 5.5 percent. Its
free cash flow growth in five years is 29.8 percent.
Veeco's market value delivered 31.29 percent in the last year,
but declined 6.88 percent in the last three years.
data by GuruFocus.com
Currently, Rodriguez maintains 25 stocks in his portfolio, valued
over $830 million.
His top holdings Rowan Companies (
), Ensco PLC (
), Western Digital Corp. (
), Rosetta Resources (
) and Arrow Electronics (
To see more of his buys and sells, see his portfolio here. Also
check out the Undervalued Stocks, Top Growth Companies and High
Yield stocks of Robert Rodriguez.
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