Sell Starwood Before FASB Closes Loophole That Boosts EPS
Accounting rules provide the biggest loopholes to asset intensive businesses. And the off-balance sheet operating lease loophole is one of the biggest.
By exploiting this loophole, Starwood is able to omit nearly $1 billion in debt from its balance sheet in 2010, $200 million (20% of the total) was added in 2010.
David Trainer, Founder & CEO