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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In each of those cases, the equipment supplied by the company is a small part of the overall mission, but is crucial to ensuring mission success and the safety of military personnel. Moreover, Dixtant focuses on acquiring underperforming companies, it has consistently managed to buy its acquisition targets cheaply. The company bought most of CNA inafter business mistakes nearly drove it to insolvency.
Book Review – Distant Force: A Memoir Of The Teledyne Corporation And The Man Who Created It
In contrast, many corporate managers buy back shares regardless of the company’s share price or intrinsic value. 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. TDY through a series of spinoffs in the s and early s.
Cameron Priest rated it it was amazing Feb 17, Teledyne Corporation’s success as a long-term investment, as described in George Roberts’ Distant Forcecan be attributed to five key factors- stock buybacks, careful acquisitions, dividends targeted to reward the long-term shareholder, the contrarian ownership of publicly traded securities, and corporarion focus on niche businesses. Dave rated it it was amazing Oct 31, However, what’s important about Singleton’s buybacks is not their size, but the attitude he took towards them.
To describe Facebook and its CEO Mark Zuckerberg in a section about prudent acquisitions seems like an odd choice at first. As Bloomberg View columnist Matt Levine puts it thf, “[Facebook] is unusual among public companies in its desire and ability to sell stock at local maximums.
Dorporation the one hand, this seems to make no sense-Teledyne was spending valuable cash to buy back shares at the same time it was printing new shares to memkir to stockholders.
Distant force | Open Library
Jean-marc Melchior rated it liked it May 27, That said, one point in the company’s favor is that the company’s largest share repurchases in the past five years occurred inanother year in which the company’s shares saw weakness. Moreover, unlike most of its conglomerate peers, Teledyne successfully integrated its acquisitions.
At the same time, other investors could avoid having part of their investment forcibly returned to them in cash. To find a specific issue However, unlike most such companies, Teledyne did pay a regular stock dividend, beginning it injust as the company ended its acquisitions. As a result, it is difficult to know if the company’s actions in were a fluke.
To ask other readers questions about Distant Forceplease sign up. As a result, you see charts like the below one from FactSet’s December issue of Buyback Quarterly.
Gurpreet Narang rated it it was amazing Nov 02, And yet, Facebook has been noteworthy for one characteristic reminiscent of Teledyne-taking ov of share overvaluation to maximize value for its owners. During the same period when its revenues only grew at an average memoig rate of 1. Moreover, Buffett is renowned for his rational approach to capital allocation, including his careful use of stock buybacks and stock issuance and his very Singleton-like reluctance to offer cash dividends.
Distant Force : A Memoir of the Teledyne Corporation and the Man Who Created It
No trivia or quizzes yet. This use of a stock dividend by Santander is reminiscent of Teledyne. 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.
Either way, the company is noteworthy for being willing to not only make significant stock repurchases during the Great Recession ofbut also to increase forporation repurchases to take advantage of falling stock prices.
Tri rated it it was amazing Jun 17, Phillip rated it really liked it Jan 02, Dec 11, Fredric Y. They reflect Teledyne’s participation in various emerging Once growth through acquisitions-which, it is worth mentioning again, were undertaken using stock instead of cash-was no memoi an option, it was necessary to obtain all growth organically, thus requiring as much cash as possible to fuel that growth.
In the company’s own words, Danaher began as a collection of discrete, cyclical companies and has become an integrated group of companies in stable industries. Physical Details vii, pages, [8] pages of plates: The company would eventually diversify into such areas as aeronautics, distanh, and insurance before breaking itself up into such successor companies as Allegheny Technologies NYSE: LO was bought in as the first anti-tobacco advertisements began to air, while luxury watchmaker Bulova was purchased in during an oil crisis.