Valens Research – UAFRS vs As Reported Weekly Highlights – August 28, 2019

September 2, 2019

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

The J.M. Smucker Company (SJM)
Goodwill Distortion

Luminex Corporation (LMNX)
R&D Expense Distortion

The RMR Group, Inc. (RMR)
Excess Cash Distortion