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3/9/2013 9:55:02 PM
On February 28, 2013 the "Patient Investor"
made his first trade of 2013. The Founder of Ariel Capital
Management added Versar, Inc.
to his portfolio increasing by 8.45%, with current shares of
1,041,547. VSR's current price is $4.44. Versar, Inc. is a global
management company providing engineering, construction,
environmental, and professional sservices to a variety of
customers in the private sector and the government. As a DoD
contractor serving over 20 installations and industrial
facilities in the U.S. and abroad, the company also provides
national security services through its subsidiary GEOMET
VSR data byGuruFocus.com
In Ariel Investment Trust's Quarterly Report of December 31, 2012, John Rogers cited the market's return to normal: "We are excited about the prospects for the stock market as well as our portfolios as we embark on a new year. In our view, despite the gains that have already occurred, we are still in the early innings of a recovery. Our optimism is actually tied to three possibilities. First, we expect unemployment to continue to drift lower and ultimately return to more normal levels (6% or so) in the coming years. And more and more Americans eventually returning to work should help spur anemic economic growth rates. In some ways, we consider these factors an inevitable return to normal. Second, as The New York Times recently surmised, "The current rally may still have legs precisely because many investors have so far failed to participate in it." Third, poor bond returns should eventually lead money back to the stock market. Our friend, Ed Mathias of the Carlyle Group, has dubbed this a "melt up." That is, as money melts down out of bonds, it pours into stocks, which will ultimately drive up share prices. In our view, one of these scenarios playing out suggests a positive outcome for the stock market-all of them would be a boon."
Rogers's most recent top buys, top sales, and top holdings are summarized:
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