Looking for Wallflowers

Ariel Fund has posted strong returns by buying good companies when they are out of favor. Here's what its managers like now

John Rogers Jr., lead manager of Ariel Fund (ARGFX ) since 1986, has build an enviable track record investing in stocks of out-of-favor small- and mid-cap companies. Rogers and assistant portfolio manager John Miller are value investors who like quality firms that can become leaders in their space -- in short, "wonderful" businesses. These are companies that are well managed, have high quality products, strong financials, and are selling at a discount to their private market value.

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