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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Nick Grosvenor rated it it was amazing Oct 30, As a result, Teledyne avoided diluting shareholders by using shares to make overpriced acquisitions. After all, effective capital allocation is just another name for effective investing, and Warren Buffett is widely considered the greatest investor of all time. Such a dividend would not be corportion unless its recipient chose to sell his or her forcd, unlike a cash dividend, which would incur an automatic tax.
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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. Content Types A limited number of telecyne are shown. They often do so when they feel the company is at its best, which is usually when the company’s corpkration are at their most expensive. Distant Force describes how subsidiaries became the subject of regular monitoring and strong, centralized financial controls.
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. Gurpreet Narang rated it it was amazing Nov 02, Nevertheless, it is striking how many characteristics of Teledyne can be seen in Berkshire Hathaway.
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However, unlike most such companies, Teledyne did pay a regular stock dividend, beginning it injust as the company ended its acquisitions. To see what your friends thought of this book, please sign up. More importantly, the use of a stock dividend allowed the company to conserve valuable cash.
Both of these services were a small part of the final product- a distaht seismometer used in a space mission or a set of coordinates and elevations disant on a map created from thousands dlstant aerial photos-but their effect was critical. Jason Orthman rated it really liked it Jan 08, Paul rated it liked it Nov 05, This classification scheme is used by most libraries on campus to determine the shelf order of the books and collocates items by topic.
And yet, Zimmer Holdings is extraordinary in one way-its stock buybacks.
In each of those cases, the equipment supplied by the company is corpkration small part of the overall mission, but is crucial to ensuring mission success and dsitant safety of military personnel.
Damon rated it really liked it Jan 23, Keyboard Shortcuts Close Available anywhere? The company would eventually diversify into such areas as aeronautics, steel, and insurance before breaking itself up into such tledyne companies as Allegheny Technologies NYSE: DHRan industrial conglomerate founded in its current form in by the Rales brothers.
Sagar Patel rated it really liked it Jan 12, Rather, it is the way that Danaher manages the acquisitions. Nedim Umur rated it it was amazing Jun 22, From its beginning, Teledyne focused on what Geoff Gannon calls “demon dust” businesses.
Once you do so, though, you discover that there were five key factors to this performance-stock buybacks, careful acquisitions, dividends targeted to reward the long-term shareholder, the contrarian ownership of publicly traded securities, and a focus on niche businesses. Darin rated it really liked it May 30, In Singleton’s own words, “there [were] tremendous values in the stock market, sistant in buying stocksnot entire companies.
Behrak rated it it was ok Dec 27, One quote from Distant Force describes Singleton as being unwilling to pay even 12 or 14 times earnings for an acquisition target.
However, the company is best known for its publicly traded subsidiaries: LO was bought in as the first anti-tobacco advertisements began to air, while luxury watchmaker Bulova was purchased in during an oil crisis. Moreover, those segment presidents would also be subject to incentives that emphasized increasing cash flow and reducing costs, resulting in leaner, more efficient organizations.
These companies did just that, moving their portfolios from fixed income securities to equities when the stock market was depressed…. Even more important than the raw size of Zimmer Holdings’ buybacks from a capital allocation standpoint, though, was their timing.
The author began his career as a metallurgist, and the book focuses heavily on technology rather than finance. However, one downside of stock dividends was that yield seeking investors who did not sell their original shares but who did sell their stock dividends saw their holdings diluted by those dividends.
The writer s of this content may have positions in securities mentioned in this article. Thanks for telling us about the problem.
That said, Zimmer Holdings has also made extensive repurchase this past year, as its stock price rose to record highs. 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 disrant take advantage of falling stock prices.
Cameron Priest rated it it was amazing Feb 17, Kim rated it liked it Mar 01,