Value Investing News

To fully grasp a company's position, its financial statements are not enough. Consider CVS Caremark (CVS), a provider of prescription and related health services in the US. Nowhere on its balance sheet (or any other of its financial statements) would you find its guarantees for certain former subsidiaries, but these guarantees have turned out to be very real.

• http://barelkarsan.com/2008/12/off-balance-sheet-contingencies.html (0)