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