Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.
Company Specific Highlights & Insights
United Continental Holdings, Inc. (UAL)
Operating Lease Expense Distortion
Ferrovial, S.A. (BME:FER)
BioMarin Pharmaceutical Inc. (BMRN)
R&D Expense Distortion