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
-Unused Debt Capacity
-Incremental Debt Capacity
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)
Actavis plc (NYSE:ACT)
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
Danaher Corporation (NYSE:DHR) – high cash returns on tangible capital
Colfax Corp (NYSE:CFX)
Markel Corporation (NYSE:MKL)