Originally Posted by Mitchaa
Interesting article with a good analysis
Albeit somewhat less than authoritative, given the claim (by a "former [energy] industry analyst") that CHC "has the world's largest helicopter fleet (231)."
Also surprised that he has "never seen a company with so many versions of adjusted financials." CHC is certainly not alone in its 'slick' financial reporting (several large A&D companies with 'innovative' accounting practices come to mind), and I'm often bemused how many companies these days quietly alter prior-year financial data (e.g. for quarter-to-quarter comparisons) without officially restating the data.
I/C