Uniform Accounting Spotlight

Bristol-Myers Squibb’s EPS wasn’t -$3.99 last year, it was $9.47…

Lumentum didn’t grow over 20% a year the past 4 years, and it barely grew last year…

MSCI’s real returns have risen from 30% to over 50% the last few years, they have not been flat at around 10-13%…

E.W. Scripps’ P/E was really 23x, not 10x…

United Rentals actually has returns of 14%, not 6%…

Moderna’s EPS wasn’t -$1.96 last year, it was $1.03…

Kroger didn’t grow massively the last 2 years, it barely grew two years ago and then shrunk last year…

Omnicom’s real returns have risen from 165% to over 1,400% the last few years, they have not been flat to declining from 5% to 4%

Sinclair Broadcasting’s P/E was really 15x, not 5x…

Lennar actually has returns of 15%, not 7%…

CommScope’s EPS wasn’t -$3.20 last year, it was $5.57…

Dell didn’t grow the last 2 years, it’s been shrinking massively for some time…

Emergent BioSolutions’ real returns have risen from 6% to 15% the last few years, they have not been declining from 8% to 4%…

The Southern Company’s P/E is really 42x, not 19x…

Oracle actually has returns of 31%, not 8%…

Square’s EPS didn’t decline by almost $0.40 last year, it rose by $0.10…

NetScout didn’t shrink the last 3 years, it’s been growing in high-single digits if not higher for some time…

Beacon Roofing’s real returns have risen from 12% to 21% the last few years, they have not been declining from 5% to 2%…

Broadcom actually has returns of 57%, not 4%…

Stryker’s EPS didn’t decline by almost $4 last year, it rose by $0.20…