Valens Research – UAFRS vs As Reported Weekly Highlights – July 2, 2020
July 2, 2020
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
Trimble Inc. (TRMB)
R&D Expense Distortion
Equity Commonwealth (EQC)
Excess Cash Distortion
Sprouts Farmers Market, Inc. (SFM)
Operating Lease Expense Distortion