Valens Research – UAFRS vs As Reported Weekly Highlights – August 22, 2018
August 27, 2018
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
YY, Inc. (YY)
Excess Cash Distortion
Pegasystems, Inc. (PEGA)
Stock Option Expense Distortion
Iron Mountain, Inc. (IRM)
Operating Lease Expense Distortion