– NOW’s traditional EPS is materially distorted by accounting for R&D and stock option expenses

– After making the appropriate UAFRS adjustments, EPS’ is actually positive, not negative, and will remain positive for the foreseeable future

– Given the firm’s positive earnings and strong earnings growth, NOW trades at a 0.96x PEG, suggesting fair value at worst

http://www.valens-research.com/uniform-accounting-highlights-nows-adjusted-eps-actually-positive-valuations-fair-worst/?utm_source=rs

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