Larry Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, a $7.5 billion hedge fund in its 14th year of operation and headquartered in New York City. Glenview is focused on delivering attractive absolute returns through an intense focus on deep fundamental research and individual security selection.? Larry Robbins spoke at the Capitalize For Kids Conference in Toronto and presented his favorite ideas. Below are some (very) informal notes from Robbins who explained why he likes Thermo Fisher Scientific Inc. (NYSE:TMO), Danaher Corporation (NYSE:DHR), Endo International plc (NASDAQ:ENDP) and Actavis plc (NYSE:ACT).

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Larry Robins of Glenview Capital

 

Looks for:

-excess cash

-FCF

-Unused Debt Capacity

-Incremental Debt Capacity

-Defensible Growth

 

Ideas:

Larry Robbins on Thermo Fisher Scientific Inc. (NYSE:TMO)

High fcf conversion

Can de-lever quickly

 

Larry Robbins on Danaher Corporation (NYSE:DHR)

Strong pricing power

Margin improvement opportunities

Large insider ownership

Now a life sciences company

 

Larry Robbins on Endo International plc (NASDAQ:ENDP)

Pharmaceutical company

 

Actavis plc (NYSE:ACT)

Larry Robbins Pitches Thermo Fisher, Danaher

Tom Saberhagen

Chuck Akre established Akre Capital Management in 1989 and continues to be the primary person responsible for the company’s investment advisory services & investment selection. He has been in the securities business since 1968. He previously held positions as shareholder, Director, CEO of Asset Management Division and Director of Research at Johnston, Lemon & Co (a NYSE member firm). Chuck holds a BA in English Literature from American University. Tom Saberhagen of Akre Capital pitches Danaher Corporation (NYSE:DHR), Colfax Corp (NYSE:CFX) and Markel Corporation (NYSE:MKL).

Tom Saberhagen of Akre Capital

Run a hedge fund and a mutual fund

 

Look for business with high ROE, ROIC

“Compounding machines!” that also buy back shares

 

Ideas

Danaher Corporation (NYSE:DHR) – high cash returns on tangible capital

Colfax Corp (NYSE:CFX)

Markel Corporation (NYSE:MKL)