Valens Research – UAFRS vs As Reported Weekly Highlights – September 27, 2017
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
Veeva Systems Inc. (VEEV)
Excess Cash Distortion
Microchip Technology Incorporated (MCHP)
R&D Expense Distortion
TransDigm Group Incorporated (TDG)
Operating Lease Expense Distortion
Click here to view the report in its entirety.