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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One example of a company whose products are similarly small, yet critical to operations is Exelis NYSE: I am not receiving compensation for it other than from Seeking Alpha.
The company bought most of CNA inafter business mistakes nearly drove it to insolvency. Click to view More Singleton, Henry Earl, The company would eventually diversify into such areas as aeronautics, steel, and insurance before breaking itself up into such successor companies as Allegheny Technologies NYSE: Chung rated it it was amazing.
Distant force | Open Library
Thus, to find a company that acquires like Teledyne today, it is necessary to find a company that not only avoids overpaying for acquisitions, but also integrates them successfully and uses them as a source of growth.
Businessmen — Telrdyne States — Biography. 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. Hardcoverpages. William Knecht rated it liked it Jul 17, Buffett is well known for using the term “moat” to describe the kind of niche businesses with unshakeable competitive positions that Teledyne acquired.
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. Do your own research. Both of xistant services were a small part of the final product- a tiny seismometer used in a space mission or a set of coordinates and elevations overlaid on a map created from thousands of aerial photos-but their effect was critical. Of course, just because Zimmer Holdings and its CEO David Dvorak were willing to increase their share purchases when prices were low, like Teledyne and Henry Singleton, that doesn’t mean that they are going to give shareholders the same kind of returns.
Of course, the fact that corporate managements have terrible timing in their share buybacks is old news to many investors. During the same period when corporwtion revenues only grew at an average annual rate of 1.
Another way in which X Singleton took advantage of the irrationality of public markets was in his purchase of publicly traded securities when they were undervalued. According to a Fortuna case studyDanaher has traditionally purchased companies that are relative laggards in their fields.
In the Globe and Mail article cited above, the company is ninth of ten companies in its reduction in outstanding shares in the past five years. Roberts, with Robert J. The Amazon links in this article are associated with my Amazon Affiliates account.
In his opinion, a stock dividend was the best of both worlds. Of course, just because Berkshire Hathaway embodies all of the important characteristics ,emoir Teledyne doesn’t mean that someone buying Berkshire Hathaway today will earn Teledyne’s historical returns-or, for that matter, Berkshire Hathaway’s historical returns.
Government GPS satellite ever launched. In this taking advantage of market irrationality, he resembles Henry Singleton.
As a result, it is difficult to know if the company’s actions in were a fluke. Buying companies tends to raise the purchase price too high.
I have no business relationship with any company whose stock is mentioned in this article. Behrak rated it it was ok Dec 27, At Teledyne, such businesses included Teledyne Geotech, which built seismometers and created maps by assigning coordinates and elevations memior locations identified in aerial surveys. There are a number of companies today that exhibit each of these characteristics.
Afterwards, the rate teledyje buybacks falls just as it would have made more sense to buy shares when they became depressed by the Great Recession.
Book Review – Distant Force: A Memoir Of The Teledyne Corporation And The Man Who Created It
This content is meant solely for the entertainment of the reader and its writer s. Summary [The] CD contains articles from the Teledyne quarterly and annual reports from through Jason Orthman rated dorce really liked it Jan 08, These companies did just that, moving their portfolios from fixed income securities to equities when the stock market was depressed….
Preview — Distant Force by George A. Thus, it is necessary to read between descriptions of rocket nozzles and rolled steel, of managers and mechanics, to understand the basis of Teledyne’s extraordinary performance. Rather, it is the way that Danaher manages the acquisitions.