What a glorious day !

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Can’t have bad economic data if there is no data.

likefunnysmart

“The only way you can control anybody is to lie to them” - L. Ron Hubbard

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Hmmm, anybody know why companies report quarterly? If more info is better, why not demand monthly?

From my days as an accountant, this type of reporting took an enormous amount of time. It led more to managing revenue for quarter end and admin work as opposed to productivity/innovation/etc.


I'm not necessarily opposed to less frequent reporting, as long as that reporting remains strong.

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Imagine the volatility if a tech company only announced financials annually. You could get huge swings one a year when earnings get announced.

I would be surprised if institutional investors didn't have something to say about this to the SEC.

Larger companies won’t be able to stop doing quarterly reporting. Investors and lenders will demand it. S&P should make it a requirement to be included in their index.

likesmart

Was the reporting really super onerous? What will changing the rules do? Will this make it more attractive to IPO, or easier for smaller companies? Not being a weirdo, I just don’t know, not my wheelhouse

I think it’s mostly to create more information asymmetry and allow people connected to the administration to do insider trading.

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