Oil Giant’s Reported Earnings Diverge Substantially From Cash Flow
- Tuesday, March 14, 2017, 11:08
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Last week, our analysts parsed 452 filings and collected 58,771 data points. In total, they made 9,978 adjustments with a dollar value of $1.5 trillion. Analyst Hunter Gray made a number of adjustments to Royal Dutch Shell’s (RDS.A) 20-F that caused us to downgrade the stock from Dangerous.
http://www.forbes.com/sites/greatspeculations/2017/03/14/oil-giants-reported-earnings-diverge-substantially-from-cash-flow/
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