Everyone loves a good turnaround story. Companies that fix poor corporate governance can unlock significant value and deliver market-beating returns to investors.
However, turnaround efforts also tend to involve significant one-time expenses – restructuring, divestitures, write-downs, etc. – that lead GAAP earnings to underestimate the improvement in a company’s profitability.Not a Member Yet? You need a Gold Membership or higher to view the content on this page.
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