UAFRS vs As Reported Weekly Highlights - 2020 04 02
This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for TCS, OFLX, and CHGG.Chegg provides products and services that help students improve their outcomes throughout their educational journey. The company's offerings fall into two categories: Chegg Services, which encompasses all of its digital products and services such as Chegg Study, Chegg Writing, Chegg Tutors, Chegg Math Solver, and Other Services; and Required Materials, which primarily includes its print textbook and eTextbook offering. To deliver services to students, the company partners with a variety of third parties. The company sources print textbooks, eTextbooks, and supplemental materials directly or indirectly from publishers including Cengage Learning, Pearson, McGraw Hill, Sage Publications, and MacMillan.
Omega Flex is a manufacturer of flexible metal hose, which is used to carry gases and liquids within their particular applications. These applications include carrying fuel gases within residential and commercial buildings; carrying gasoline and diesel gasoline products in a double containment piping to contain leak; using copper-alloy corrugated piping in medical or health care facilities to carry medical gases or pure gases for pharmaceutical applications; and industrial applications where the customer requires the piping to have both a degree of flexibility and/or an ability to carry corrosive compounds or mixtures, or to carry at both very high and very low (cryogenic) temperatures.
Container Store Group is a retailer of storage and organization products and solutions in the U.S. The company provides a collection of storage and organization solutions that are sold in its stores and online. The company's operations consist of two operating segments: The Container Store, which consists of its retail stores, website and call center, as well as its installation and organizational services business; and its wholly-owned subsidiary, Elfa International AB (Elfa), which designs and manufactures component-based shelving and drawer systems and sliding doors. Elfa's shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices and garages.
In 2009, just as the dust was settling from the last major equity and credit market crises, we launched a boutique research firm with the intention of breaking Wall Street’s biases and broken incentives:
- GAAP and IFRS have failed to provide rules for reliable financial statement reporting
- Stock analyst recommendations are not grounded in disciplined financial analysis
- Credit agencies have been set up to grossly fail in their responsibilities to investors and the public markets
- Utter lack of willingness of major research firms to employ the the most advanced forensic analysis available
We sought to provide investors and company analysts with a source of information that changed all that.
Many years later, our business model remains because little has changed on Wall Street.
- Corporate credit ratings remain years behind the fundamental underpinnings of company performance
- Stock analysts continue to make recommendations with deeply inherent biases
- Research firms have failed to break down the walls between credit, equity, and macroeconomic research
- The governing accounting bodies have created more leeway for mis-estimates and mis-classifications as financials have become unwieldy and overwhelming
The integrity of Valens Research is founded in our disciplined processes and analytics. No “star” analysts. No corporate advisory relationships. No-nonsense opinions and recommendations.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.