Valens Research – UAFRS vs As Reported Weekly Highlights – August 7, 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

Prestige Consumer Healthcare, Inc. (PBH)
Goodwill Distortion

Yelp, Inc. (YELP)
R&D Expense Distortion

Big Yellow Group PLC. (BYG:GBR)
Net to Gross PP&E Distortion