Valens Research – UAFRS vs As Reported Weekly Highlights – June 19, 2019

June 24, 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

Vector Group Ltd. (VGR)
Excess Cash Distortion

Fair Isaac Corporation (FICO)
Stock Option Expense Distortion

Mellanox Technologies, Ltd. (MLNX)
R&D Expense Distortion