DISTANT FORCE A MEMOIR OF THE TELEDYNE CORPORATION PDF
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A directory of all reports, which have been indexed by ocrporation, title and Teledyne company featured, is in a PDF file on this disk and also included in the Appendix of the book [p.
No trivia or quizzes yet. At the same time, other investors could avoid having part of their investment forcibly returned to them in cash.
Physical Details vii, pages,  pages of plates: Those corporqtion refused to sell any shares saw their holdings grow through buybacks and stock dividends.
Another method by which Henry Singleton built value was through careful acquisitions.
McVicker, Teledyne’s staff writer 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. Gurpreet Narang rated it it was amazing Nov 02, Jason Orthman rated it really liked it Jan 08, They reflect Teledyne’s participation in various emerging However, what is important is not the size of Loews’ holdings, but the process by which they were obtained.
Available in search results n Next page p Previous page f Toggle filters Open nth result on page. There are no discussion topics on this book yet. It’s not very creative to describe Warren Buffett and Berkshire Hathaway as successors to the traditions of Henry Singleton and Teledyne.
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Singleton’s decision to begin buying partial stakes in other publicly traded companies was an offshoot of his decision to stop acquiring companies in Such a dividend would not be taxed unless its recipient chose to sell his or her shares, unlike a cash dividend, which would incur an automatic tax.
That said, Zimmer Holdings has also made extensive repurchase this past year, as its stock price rose to record highs. In a demon dust business – the per unit cost contributed by the capital good is a small part of the cost of the finished product; however, failure of the capital good results in failure of the finished product. Having done so, the company reduces the assets necessary to achieve the same results and improves cash flows.
Kim rated it liked it Mar 01, Cameron Priest rated it it was amazing Feb 17, 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.
On the one hand, this seems to make no sense-Teledyne was spending valuable cash to buy back shares corporxtion the same time it was printing new shares to give to stockholders. Both of these services were a small part of the final product- a tiny seismometer used in a space mission or a set of coordinates and elevations diatant on a map created from thousands of aerial photos-but their effect was critical.
The company’s managers have demonstrated skill in not only choosing acquisition targets, but also integrating them into the overall company. DHRan industrial conglomerate founded in its current form in by the Rales brothers. As a result, it is difficult to know if the company’s actions in were a fluke.
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.
Gabriel Raoni rated it really liked it Dec 15, Library Staff Details Staff view. In comparison, the company’s net income had a CAGR of Published January 28th by George A. Singleton waited to buy back shares until they were significantly undervalued as a result of the economic turmoil of the early s.
And, like many conglomerates, Teledyne used those richly priced shares to acquire less highly valued companies, thus increasing its earnings. In each case, the company’s contribution, though small, was critical to the value of corporatoin final product.