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Valens vs As Reported Weekly Highlights for September 21, 2016

September 21, 2016

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

Cognizant Technology Solutions Corporation (CTSH)
Excess Cash Distortion

Becton, Dickinson and Company (BDX)
Acquisition Intangibles Distortion

Delphi Automotive PLC (DLPH)
R&D Expense Distortion

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