🙋 Polls

Do you support or oppose the SEC’s proposal to shift requirements for publicly traded companies from quarterly earnings to a frequency of 2x/year?

Monday, May 11

Do you support or oppose the SEC’s proposal to shift requirements for publicly traded companies from quarterly earnings to a frequency of 2x/year?

Support (33%) – "The quarterly reporting rules lead to market volatility. They deal entirely in short term outcomes. Longer periods will do what the advocates say, permit companies to think more in long term strategies, and hopefully calm the markets."

  • "Investing should be done with a long-term view. Going to a 6-month reporting cycle supports this. Additionally, the quarterly reports take resources that can be put to better use within the companies."

"Yes, investors should investigate the whole company including product and reputation and should NOT just go by quarterly statements which can be meaningless out of context."

Oppose (46%) – "It could give a false picture of a company's financial health. Investors need to know when to buy or sell. The public needs to know the true nature of the market. By extending reports to 6 months, it would allow for financial problems to get out of hand before they're discovered."

  • "Oh sure, let’s give people less information and transparency. Corporations only ever have good intentions, right? Especially as this administration continues to tank our economy. Easier to sell the narrative you want with less information published."

"Good Lord, is anybody charting these changes? From quarterly, to twice a year, and next it will be once a year. Soon after every two years, then four years, ad nausea. So much information that had ALWAYS BEEN transparent to the public, will soon be totally unavailable to the public as one coat of paint after another is applied to the glass. Information like financials, labor statistics, the list goes on and one. Since when did the public ever have the right to know? All these changes coming from the most "transparent" administration. The Peter Principle, Dunning-Kruger and other axioms have fully come into play."

  • "Need to protect the integrity of the market and make it harder for companies to manipulate things."

Unsure/other (21%) – "I'm really torn on this one. As an investor I like the quarterly check-in. But also, I see the pressure of meeting quarterly targets sometimes causes the wrong focus, so semi-annual may be better from that perspective. And certainly for the smaller companies, not having to do that every 3 months would free up some resources."

  • "I can see pros and cons to both. I am leaning more towards bianual reporting, as I think there are more pros than cons, in all reality 3 months is a very short amount of time, 6 is as well, but it gives companies a chance to focus on the long game, and probably saving jobs while doing it."
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