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COL - Rockwell Collins, Inc.


Guest hellsten
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Guest hellsten

Found this interesting company when looking at ValueAct's portfolio:

Rockwell Collins, Inc. is a large United States-based international company headquartered in Cedar Rapids, Iowa, primarily providing avionics and information technology systems and services to governmental agencies and aircraft manufacturers.

~ Wikipedia

 

I don't have any special insights, but thought I would throw it out here so I remember to follow the company.

 

I think Rockwell Collins is interesting because from 2004 the company has seen:

* share count decrease from 180 to 137 million

* ROIC 18-36%

* ROE 30-45%

 

http://financials.morningstar.com/ratios/r.html?t=COL&region=usa&culture=en-US&ownerCountry=USA

 

I also like the concentrated owners:

* Valueact Capital Management

* Llenroc Capital LLC (GARP investors: http://www.llenroccap.com/investment_philosophy.html)

 

http://investors.morningstar.com/ownership/shareholders-concentrated.html?t=COL&region=usa&culture=en-US&ownerCountry=USA

 

Markets and products include unmanned drones, and other interesting areas like:

* Air

* Business Aviation

* Commercial Transport

* Fighters & Bombers

* Missiles & Munitions

* Rotary Wing

* Simulation Air

* Tanker Transport

* Unmanned Air (Drones)

 

* Surface

* Fixed Site

* Ground Vehicles

* Man Portable

* Maritime

* Missiles and Munitions-surface

* Public Safety

* Simulation Surface

 

* Integrated Applications

* Lifecycle Support

* Precision Manufacturing

* Range Instrumentation

* Space

 

http://www.bloomberg.com/video/rockwell-collins-ceo-sees-commercial-use-for-drones-2hbegffQTN64Ce2kkmrDBw.html

 

Oakmark thinks management's capital allocation is shareholder friendly:

http://www.aaii.com/journal/article/an-interview-with-clyde-mcgregor-portfolio-manager-oakmark-equity-and-income-f.pdf

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