Valens Research – UAFRS vs As Reported Weekly Highlights – February 27, 2019

March 4, 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

FactSet Research Systems Inc. (FDS)
Goodwill Distortion 

Celgene Corporation (CELG)
R&D Expense Distortion, Inc. (AMZN)
Excess Cash Distortion