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.
|Country:||Bosnia & Herzegovina|
|Published (Last):||25 March 2012|
|PDF File Size:||2.12 Mb|
|ePub File Size:||10.80 Mb|
|Price:||Free* [*Free Regsitration Required]|
However, with interest rates as low as they are and set to rise, it seems likely dkstant we’re in another situation where it would be prudent to move from bonds to stocks. I have no business relationship with any company whose stock is mentioned in this article.
Thus, because of its collection of irreplaceable “demon dust” products, Exelis is reminiscent of Teledyne Corporation as a modern example of a company focused on producing niche products. Published January 28th by George A. This classification scheme is used by most libraries on campus to determine the shelf order of the books and collocates items by topic.
However, one downside of stock dividends was that yield seeking investors who did not sell their original shares but who did sell their stock dividends saw their holdings diluted by those dividends. Moreover, a stock dividend was more tax efficient.
However, what sets Danaher apart isn’t the use of acquisitions for growth-that’s a strategy used by many companies. Moreover, unlike most of its conglomerate peers, Teledyne successfully integrated its acquisitions.
I am not receiving compensation for it other than from Seeking Alpha. For example, Exelis is the world’s leading supplier of night vision goggles and military radios, and a major supplier of counter-IED jammers.
Most issuers are more into buying high and selling low. Buffett is well known for using the term “moat” to describe the kind of niche businesses with unshakeable competitive positions that Teledyne acquired. Businessmen — United States — Biography.
Book Review – Distant Force: A Memoir Of The Teledyne Corporation And The Man Who Created It
Those who refused to sell any shares saw their holdings grow through buybacks and stock dividends. These articles were written by Robert J. Moreover, one method of finding good stock investments would be to search for companies like Teledyne that have consistently taken advantage of low valuations in investing in publicly traded companies. Moreover, those segment presidents would also be subject to incentives that emphasized increasing cash flow and reducing costs, resulting in leaner, more efficient organizations.
Distant force | Open Library
Do not rely on it in making an investment decision. Vivek rated it it was amazing Dec 20, The Amazon links in this article are associated with my Amazon Affiliates account.
Anthony rated it really liked it Dec 17, Want to Read saving…. After all, Facebook is infamous for having paid a billion dollars in to acquire Instagram, a company with not only zero earnings, but zero revenues, a far stretch from Henry Singleton’s refusal to pay even average thf for an memoiir target.
Keywords Keywords Author Title Subjects. After all, effective capital allocation is just another name for effective investing, and Warren Buffett is widely considered the greatest investor of all time. The articles are in PDF formatted files. Kim rated it liked it Mar 01, It gave yield oriented investors a yield that they could access without selling the principal part of their investment. They often do so when they feel the company is at its best, which is usually when the company’s shares are at their most expensive.
Damon rated it really liked it Jan 23, To describe Facebook and its CEO Mark Zuckerberg in a section about prudent acquisitions seems like an odd choice at first. Dave rated it it was amazing Oct 31, Such a dividend would not be taxed unless its recipient chose to sell his thw her shares, unlike a cash dividend, which would incur eistant automatic tax. Click to view More Singleton, Henry Earl, Afterwards, the telednye of buybacks falls just as it would have made more sense to buy shares when they became depressed by the Great Recession.
Those opinions might be wrong. However, what’s important about Singleton’s buybacks is not their size, but the attitude he took towards them. Similarly, the company’s seismometers were left on the Moon as part of the Apollo missions, providing data that remains useful today. Of course, just because Berkshire Cogporation embodies all of the important characteristics of Teledyne doesn’t mean that someone buying Berkshire Hathaway today corporatioh earn Teledyne’s historical returns-or, for that matter, Berkshire Hathaway’s historical returns.
Distant Force describes Singleton’s rationale for this action. Dec 11, Fredric Y. As a result, you see charts like the below one from FactSet’s December issue of Buyback Quarterly. Darin rated it really liked it May 30, The author began his career as a metallurgist, and the book focuses heavily on technology rather than finance.
Such returns will require appreciation in Santander’s shares, which probably requires an improvement in the Spanish economy.
And yet, it is the best illustration of Henry Singleton’s lessons in share buybacks because of those ten companies, only Zimmer Holdings increased its share buybacks in when its shares were lowest, at the worst point of the Great Forcw. In andTeledyne purchased several insurance companies, diversifying the company into the financial industry.
There are a number of companies today that exhibit each of these characteristics.