Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Dripster Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8  
Subject: Re: Anyone else follow UAM? Date: 11/24/1997 1:32 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
To Sawman:

I am considering buying shares in UAM. Randy Befumo's Evening News article on October 31, 1997 said that the stock is valued at 1.25% of assets under management, compared to 2.0% or more for other asset management companies. The stock is a holding of the Yacktman Fund. The company has a home page at www.uam.com. UAM's philosophy is just like Warren Buffet's Berkshire Hathaway: UAM buys other companies, letting the management of these companies stay on board. The acquired companies keep their autonomy. UAM has strong operating cash flows which are used to buy more companies and to buy back shares. UAM went public in 1986 with $13 Billion in assets under management. In 1996 they had $175 Billion assets under management (annual compound rate of growth of 20% in assets under management, 22% in revenues, 24% in net income, 25% in operating cash flow, 19% in earnings per share).

-The Dripster.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement