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Holding Firms

Discussion in 'Channel Zero' started by the.crooked, Jun 14, 2006.

  1. the.crooked

    the.crooked Veteran Member

    Joined: Apr 7, 2006 Messages: 5,837 Likes Received: 166
    I have been doing this data entry/ research job for a couple days now in which I basically sift through websites of major corporations based in houston and create a data set based on senior management and boards of directors. In particular I find the concept of holding companies rather interesting.

    I don't know much about them, but from what I understand they basically are just capital based investing. They find a specific sector, buy the voting stock within a specific publicly traded company and then provide it with resources and capital to make it grow.

    Anyone know more about how they work? I feel like its basically rich people makin other rich people richer. Better yet, anyone work at one? I wanna know more...
     
  2. iloveboxcars

    iloveboxcars 12oz Royalty

    Joined: Jul 29, 2002 Messages: 20,505 Likes Received: 441
    What Is a Holding Company?

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    By Selena Maranjian (TMF Selena)
    April 2, 2004

    Holding companies are conglomerates that own other firms. Investorwords offers a more specific definition: "A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. Also called parent company."

    A good example is Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), which owns GEICO, See's Candies, Executive Jet, Dairy Queen, The Pampered Chef, and Benjamin Moore paints, among many other businesses. Another major holding company is Fortune Brands (NYSE: FO), which owns companies making distilled spirits (Jim Beam, DeKuyper, Ronrico), golf equipment (Titleist, Cobra, FootJoy, Pinnacle), home products (Moen faucets, Aristokraft and Schrock cabinets, and Master Lock padlocks), and office products (ACCO, Day-Timers, Swingline).

    Another holding company is Loews Corp. (NYSE: LTR), which encompasses CNA Financial (NYSE: CNA), Lorillard, Diamond Offshore Drilling (NYSE: DO), Loews Hotels, Bulova Corp., and Texas Gas Transmission.

    While many companies routinely gobble up other companies, they frequently aim to blend these acquisitions into their operations. Holding companies keep the businesses they buy more separate.
     
  3. the.crooked

    the.crooked Veteran Member

    Joined: Apr 7, 2006 Messages: 5,837 Likes Received: 166
    i find them to be such a rediculous concept...

    yay freemarket.
     
  4. Harvey Wallbanger

    Harvey Wallbanger Dirty Dozen Crew

    Joined: Oct 13, 2004 Messages: 8,567 Likes Received: 400
    If you were really really rich, this seems like a good way to get even richer. Last week I worked on a promotional video for the company that owns Johnnie Walker, Crown Royal, and a dozen other companies. The CEO was there, and said he made $380,000,000 last year.

    Seriously. $380 million last year.
     
  5. AyeBee

    AyeBee Veteran Member

    Joined: Apr 7, 2006 Messages: 5,798 Likes Received: 29
    Takes money to make money
     
  6. the.crooked

    the.crooked Veteran Member

    Joined: Apr 7, 2006 Messages: 5,837 Likes Received: 166
    yeah, the last year or so i have been trying to figure out what i want to do after school. Grad school is a must cus I can do fuck all with an undergrad in philosophy. However, the general understanding of the world and how to learn given to me by such a degree will be endlessly helpful. But I think after that I'm gonna get a small business loan or find some sort of investors and do something with that money. I am fairly certain that with my ability to talk to people and my level of intelligence I should be able to do something with that money that will give me a secure future. I suppose what I do in fact do will be directed by what I do in grad school.


    I say this cus my fascination with things like holding firms is because of my recent realization of how easy it is to make money in this type of economy. Even with little work.
     
    Last edited: Jun 14, 2006
  7. 10 Dollar Blowjobs

    10 Dollar Blowjobs Senior Member

    Joined: May 23, 2006 Messages: 1,337 Likes Received: 2
    so you wanna go from a tiny cubicle making 30k a year to a multibillion dollar company that owns multimillion dollar companies

    your gonna need one beefy loan for that kinda thing
     
  8. the.crooked

    the.crooked Veteran Member

    Joined: Apr 7, 2006 Messages: 5,837 Likes Received: 166
    tiny cubicle? what cubicle? im plannin ahead son. and i wasnt planning on using a small business loan to start an investment firm. i am more so just wanting to understand the way that these people do business. nothing wrong with learning from the best.
     
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