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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Roberts, with Robert J. As a result, Teledyne avoided diluting shareholders by using shares to make overpriced acquisitions.
It is too early to tell whether this approach will augment the returns of such shareholders like it did those of Teledyne. This content is meant solely for the entertainment of the reader and its writer s.
An absolutely fascinating look into a company that even Warren Buffett greatly admired. Having done so, the company corporatioj the assets necessary to achieve the same results and improves cash flows.
Even better, the company made a significant amount of its repurchases during the first quarter ofthe lowest point of a low year for its stock price. Singleton’s decision to begin buying partial stakes in other publicly traded companies was an offshoot of his decision to stop acquiring companies in In his opinion, a stock dividend was the best of both worlds.
The content here reflects only the author’s opinions.
Tri rated it it was amazing Jun 17, Hardcoverpages. Those buybacks were highlighted by a June Globe and Mail article appropriately titled “Looking for stock buybacks – done right. On 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 give to stockholders.
One source of Teledyne’s performance, which has perhaps been underappreciated, is the company’s ownership of businesses in highly technological niches. However, it has done so by offering its shareholders a choice between a stock or “scrip” and cash dividend.
It gave yield oriented investors a yield that they could access without selling the principal part of their investment. One such company is Zimmer Holdings, Inc.
Distant force | Open Library
This use of a stock dividend by Santander is reminiscent of Teledyne. Nevertheless, it is striking how many characteristics of Teledyne can be seen in Berkshire Hathaway.
Summary [The] CD contains articles from the Teledyne quarterly and annual reports from through Most issuers are more into buying high and selling low. In this taking advantage of market irrationality, he resembles Henry Singleton. The company even took on debt to do so, a tactic also used by Henry Singleton. In contrast, many corporate managers buy back shares regardless vistant the company’s share price or intrinsic value.
Preview — Distant Force by George A. As a result, corporate management would always be aware of what was going on, even if it rarely chose to intervene in the decisions of segment presidents.
Published January 28th by George A. However, what differentiated Teledyne from those other conglomerates corpoeation that Henry Singleton stopped making acquisitions after the stock prices of target companies became inflated. Chung teleryne it it was amazing.
The writer s of this content may have positions in securities mentioned in this article. There are a number of telexyne today that corpiration each of these characteristics. If you purchase items through those links, I will receive a small commission, but there will be no additional charge to you. 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.
Distant Force : A Memoir of the Teledyne Corporation and the Man Who Created It
In this, Danaher is somewhat different from Teledyne, which generally focused on purchasing companies, which did not need significant improvements after acquisition. The system combines fundamentals such as listening to the Voice of the Customer and the continual improvements of kaizen with a focus on Growth, Leanness, and high quality Leadership. Jean-marc Melchior rated it liked it May 27, According to a Fortuna case studyDanaher has traditionally purchased companies that are relative laggards in their fields.
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. Keyboard Shortcuts Close Available anywhere?
That said, Teledyne also improved the companies it purchased. WFCholding them, like Teledyne, in insurance subsidiaries.
Like Henry Singleton, the leaders of Loews are value investors who have consistently shown discipline in their stock purchases.