DISTANT FORCE A MEMOIR OF THE TELEDYNE CORPORATION PDF

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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Nathan Hall rated it really liked it Oct 23, In this, Danaher is somewhat different from Teledyne, which generally focused on purchasing companies, which did not need significant improvements after acquisition.

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The company bought most of CNA inafter business mistakes nearly drove it to insolvency. Summary [The] CD contains articles from the Teledyne quarterly and annual reports from through From its beginning, Teledyne focused on what Geoff Gannon calls “demon dust” businesses. As Bloomberg View columnist Matt Levine puts it”[Facebook] is unusual among public companies in its desire and ability to sell stock at local maximums.

The one oddity of Teledyne’s stock dividend, though, is that much of it occurred at the same time as Teledyne’s share buybacks. Either way, the company is noteworthy for being willing to not only make significant stock repurchases during the Great Recession ofbut also to increase those repurchases to take advantage of falling corporaton prices. There are no discussion topics on this book yet.

Rather, it is the way that Danaher manages the acquisitions. 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 overlaid on a map created from thousands of aerial photos-but their effect was critical.

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Rather, the takeaway from Distant Force is that investors should look for companies that buy back shares intelligently, because such buybacks add significant shareholder value. Because Teledyne now owned several insurance subsidiaries, Singleton was forced to find a method of investing their float.

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Like Henry Singleton, the leaders of Loews are value investors who have consistently shown discipline in their stock purchases. Even when the company does produce its own, finalized products, these products are still often “demon dust” products.

Breadcrumb Navigation Search Catalog Distant force: Buffett is well known for using the term “moat” to describe the kind of niche businesses with unshakeable competitive positions that Teledyne acquired. Thus, it is necessary to read between corporatipn of rocket nozzles and rolled steel, of managers and mechanics, to understand the basis of Teledyne’s extraordinary performance.

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: Click to view More Singleton, Henry Earl, Like many companies run by a strong capital allocator, Teledyne avoided paying a significant cash dividend for most of its history, preferring to retain cash for future investments.

This difference of nearly 10 percentage points between the company’s annual net income growth and its per share net income growth can be attributed to Singleton’s buybacks.

Goodreads helps you keep track of books you want to read. Want to Read Currently Reading Read. Chung rated it it was amazing.

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TDY teledgne a series of spinoffs in the s and early s. It is too early to tell whether this approach will augment the returns memoiir such shareholders like it did those of Teledyne. Do not rely on it in making an investment decision. Distant Force describes Singleton’s rationale for this action. During the period [Singleton] considered bonds as high risk and stocks as low risk, contrary to popular opinion, and he instructed his insurance companies to follow that advice in their investments.

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Damon rated it really liked it Jan 23, Gives a decent insight into the workings of Singleton’s mind nonetheless, about how his acquisitions were built on the existing competencies of his businesses, and how he allocated his capital efficiently. As a result, once the acquisition spree ended, the company was not left with a disorganized collection of unrelated businesses, but rather a group of companies with real synergies between them.

Anthony rated it really liked it Dec 17, At Teledyne, such businesses included Teledyne Geotech, which built seismometers and created maps by assigning coordinates and elevations to locations identified in aerial surveys.

George AdamTeledyne, Inc. ZMHa producer of tools teledune by surgeons in reconstructive surgery and treating degenerative diseases, as well as orthopedic reconstructive devices such as artificial joints.

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 valuations for an acquisition target. Another method by which Henry Singleton built value was through careful acquisitions.