Trump calls for biannual earnings reporting

https://www.wsj.com/articles/trump-...nth-reporting-for-public-companies-1534507058

https://www.reuters.com/article/us-...ling-system-for-companies-trump-idUSKBN1L217G

 

Trump seems to be losing his mind

 

Not going to happen.

 

Already Q's and K's and material change disclosure obligations...no need for this.

 

I really hope this doesn't happen, just when I have had my best year ever this comes out.

 

Really would suck for trading around earnings. Hope they reject it.

 

for the long term this makes sense... corporate wastes lots of energy around quarter closes.

 

If I'm holding stock in a public company, I want more disclosure, not less.

Letting a company run amuck for six months without a requirement for public reporting is insane. And it's likely to create more volatility, not less.

 

several industrialized countries do semi-annual. But here's some research on why higher reporting frequency is superior
https://tinyurl.com/y74we279

 

Of course Trump wants this. It's good for corporate bigwigs who are held accountable less frequently and screws the individual investor whose only real source of information are quarterly calls. Institutional investors would still get the blue horseshoe call.