Valens Research – UAFRS vs As Reported Weekly Highlights – September 5, 2018
September 10, 2018
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
Square, Inc. (SQ)
Stock Option Expense Distortion
Yelp, Inc (YELP)
Excess Cash Distortion
Altria Group, Inc. (MO)
Goodwill Distortion