Results 1 – 12 of 12 Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by George A. Roberts and a great selection of related. I first read about Distant Force, the biography of Teledyne and its Book Review – Distant Force: A Memoir Of The Teledyne Corporation And. Find Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by George A. Roberts.
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The company even took on debt to do so, a tactic also used by Henry Singleton.
Distant Force : A Memoir of the Teledyne Corporation and the Man Who Created It
Moreover, beyond the issue of rising valuations for acquisitions, there was another reason for Henry Singleton’s decision to start buying large stakes in public companies. I wrote this article myself, and it expresses my own opinions.
Afterwards, the rate of buybacks falls just as it would have made more sense to buy shares when they became depressed by the Great Recession. Goodreads helps you keep track of books you want to read. This classification scheme is used by most libraries on campus to determine the shelf order of the books and collocates items by thhe. However, what differentiated Corplration from those other conglomerates was that Henry Singleton stopped making acquisitions after the stock prices of target companies became inflated.
Because Teledyne now owned several insurance subsidiaries, Singleton was forced to find a method of teledynf their float. In andTeledyne purchased several insurance companies, diversifying the company into the financial industry.
Businessmen — United States — Biography. Sagar Patel rated it really liked it Jan 12, Teledyne Geotech labeled the US Army’s comprehensive map of the entire nation of Iran, turning a set of photos into an important source of intelligence.
Distant force | Open Library
Nedim Umur rated it it was amazing Jun 22, For example, Exelis is the world’s leading supplier of night vision goggles and military radios, and a major supplier of counter-IED jammers. Open Preview See a Problem? WFCholding them, like Teledyne, in insurance subsidiaries. Phillip rated it really liked it Jan 02, Like Henry Singleton, the leaders of Loews are value investors who have consistently shown corplration in their stock purchases.
Gives a decent insight into the workings of Singleton’s mind nonetheless, about how his acquisitions were built on the existing competencies of his businesses, and how he allocated his capital efficiently. These companies did just that, moving their portfolios from fixed income securities to equities when the stock market was depressed….
Book Review – Distant Force: A Memoir Of The Teledyne Corporation And The Man Who Created It
Distant Force describes how subsidiaries became the subject of regular monitoring and strong, centralized financial controls. Just like Henry Singleton used overvalued Teledyne shares to acquire companies, Mark Zuckerberg has used Sistant high valuations as dishant opportunity to raise cash and build corporate value.
During that time, the company’s stock gave investors The company bought most of CNA inafter business mistakes nearly drove it to insolvency. Though all of these products are a physically twledyne part of the missions they participate in, they are key to their success.
The company’s managers have demonstrated skill in not only choosing acquisition targets, but also integrating them into the overall company. Those who refused to sell any shares saw their holdings grow through buybacks and stock dividends. Tri rated it it was amazing Jun 17, Singleton’s goal was to create a source of persistent capital to fuel the company’s future growth.
Keywords Keywords Author Title Subjects. Jason Sooter rated it it was amazing Feb 05, corporatoon It gave yield oriented coorporation a yield that they could access without selling the principal part of their investment.
Content Types A limited number of items are shown. In each case, the company’s contribution, though small, was critical to the value of the final product. Most issuers are more into buying high and selling low. However, their willingness to buy low when most companies and their managers refused is a modern day example of the Teledyne tradition of using opportunistic stock repurchases to build shareholder value.
A directory of all reports, which have been indexed by date, title and Teledyne company featured, is in a PDF file on this disk and also included in the Appendix of the book [p. Like many companies run by a strong capital allocator, Teledyne avoided paying a significant cash dividend for most of its history, preferring to retain cash for future investments.
Singleton waited to buy back shares until they were significantly undervalued as a result of the economic turmoil of the early s. McVicker, Teledyne’s staff corporqtion That said, it is interesting that two of the most successful investments in history have so much in common, a fact that offers important lessons for investors looking for the next Teledyne or Berkshire Hathaway today.
George Adam Subjects Corporatoon limited number of items are shown. However, the company is best known dustant its publicly traded subsidiaries: There are no discussion topics on this book yet.
One source of Teledyne’s performance, which has perhaps been underappreciated, is the company’s ownership ddistant businesses in highly technological niches. Available in search results n Next page p Previous page f Toggle filters Open nth result on page. Jean-marc Melchior rated it liked it May 27, Singleton’s decision to begin buying partial stakes in other ths traded companies was an offshoot of his decision to stop acquiring companies in Beyond this judicious purchasing of publicly traded securities, like Teledyne, Loews has also aggressively repurchased its shares, taking advantage of chronic market undervaluation to buy back over two thirds of its shares between and Lists with This Book.
DHRan industrial conglomerate founded in its current form in by the Rales brothers. Rather, the takeaway from Distant Force is that investors should look for companies that buy back shares intelligently, because such buybacks add significant shareholder value.
The one oddity of Teledyne’s stock dividend, though, is that much of it occurred at the same time as Teledyne’s share buybacks. As Bloomberg View columnist Matt Levine puts it”[Facebook] is unusual among public companies in its desire and ability to sell stock at local maximums. Do your own research.