Valens Research – UAFRS vs As Reported Weekly Highlights – March 20, 2019
March 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
EMCOR Group, Inc. (EME)
Operating Lease Distortion
MarketAxess Holdings Inc. (MKTX)
Excess Cash Distortion