Jacob McDonough breaks down the 1986 Annual Report of Teledyne. You can reach Jacob with any questions or comments at jacob@mcdonough-investments.com or on Twitter @McD_Investments.

You can find the Annual Reports of Teledyne at the archive.org at the link below:
https://archive.org/details/1969-teledyne-inc.-annual-report/1961-Teledyne-Inc.-Annual-Report/

You can also find a copy of the excellent book 'Distant Force' at the archive.org at the link below:
https://archive.org/details/distantforcememo0000robe/page/126/mode/2up