Uniform Accounting Spotlight

NCR didn’t just have a surge of 15% last year and no growth before, it’s been a much more steady high-single digits investor for some time…

Moody’s real returns have risen from 38% to 53% the last few years, they have not been declining from 19% to 13%…

CarMax’s P/E is really 38x, not 21x…

Cisco actually has returns of 26%, not 9%…

Disney’s EPS was really $2.25 last year, it wasn’t -$1.57…

Robert Half’s real returns have risen from 23% to 30% the last few years, they have not been flat around 18%-20%…

Fox Corporation’s P/E is really 9x, not 15x…

BlackRock actually has returns of 35%, not 2%…

Twilio’s EPS was really $1.54 last year, it wasn’t -$2.36…

Tempur Sealy actually grew by 3% last year, it didn’t grow by 13%…

Agilent’s real returns have risen from 6% to 16% the last few years, they have not been flat around 7%…

Hasbro actually has returns of 22%, not 5%…

FirstEnergy’s P/E is really 23x, not 12x…

Bed Bath & Beyond’s EPS was really $2.27 last year, it wasn’t -$4.29…

Six Flags actually shrunk by 10% last year, it didn’t grow by 15%…

Clorox’ real returns have risen from 20% to 24% the last few years, they have not fallen from 15% to 14%…

Eventbrite actually grew by 36% last year, it didn’t shrink by 3%…

Chegg’s EPS was really $0.16 last year, it wasn’t -$0.08…

Affiliated Managers’ real returns have risen from 15% to 24% the last few years, they have not stayed around 5% levels…