John Rogers (Trades, Portfolio) is the founder of Ariel Investment, LLC, which he started in 1983. As of 2008, the firm had over $15.5 billion in assets under management. Rogers manages Ariel's small and mid-cap institutional portfolios as well as the Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX). He is also a long-term Forbes columnist writing a column called "Patient Investor".
Web Page:Â http://www.arielmutualfunds.com/
His portfolio is composed of 190 stocks and 10 of them are new stocks bought during the last quarter. His portfolio has a total value of $8,663 Mil with 7% Q/Q Turnover.
According to GuruFocus Real Time Picks, the investor increased his stake in Blount International Inc. (BLT) by 174.26%, reaching a total of 8,077,259 owned shares (0.76% of his portfolio or 16.5% of BLT’s Outstanding Shares). Rogers started to buy BLT shares in 2010Q1.
Rogers is holding BLT at an average price of $13.94 per share with an average loss of 6%.
Blount International is a global industrial company. The company designs, manufactures, and markets equipment, replacement and component parts, and accessories for professionals and consumers in select end-markets under its proprietary brand names. It also manufactures and markets such items to original equipment manufacturers ("OEMs") under private label brand names.
The stock is currently trading at a P/E (ttm) ratio of 17.70 that is ranked higher than 78% of BLT’s competitors. The average P/E of BLT’s Industry is 28.30.
The stock is -27.32% from its 52 week high and +20.48% from its 52 weeks low and during the last 12 months the price rose by +14%.
The company has a Profitability & Growth of 7/10 with positive returns (ROA 4.47%, ROE 21.46% and ROC 17.19%). These ratios are at average level of the Global Tools & Accessories Industry; they are ranked higher then almost 70% of other companies from the same sector.
Over the last 5 years, the company's revenue grew by 13.00%, EBITDA is almost flat (2.50% as growth rate) and EPS declined by 11.70%. Over the last 12 months, the company had a strong increase on EPS (+630%) and EBITDA (+35.10%) .
During the announcement of fourth quarter results, Joshua L. Collins, Chairman & Chief Executive Officer, said this about the outlook for 2015:
"We expect sales to range between $900 million and $950 million; operating income to range between $78 million and $94 million; and adjusted EBITDA to range between $130 million and $145 million. Our sales projection assumes a decrease in FLAG segment sales of between 1% and 7% and FRAG segment sales to remain flat to an increase of 3%, both versus 2014 levels. FLAG sales estimate, in particular, is impacted by the FX pressure, which we've already started to experience in the first part of 2015.
We provided a relatively detailed bridge to our outlook for 2015 sales and adjusted EBITDA in our accompanying news release.
We expect free cash flow in 2015 to be between $40 million and $50 million, after approximately $40 million to $50 million of CapEx. Net interest expense is expected to range between $17 million and $18 million in 2015, and the effective income tax rate from continuing operations is expected to be between 34% and 37% in 2015."
