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JoGrumby Speedzzter • 4 minutes ago

Quarterly reporting is the basis for "legitimate investigations into fraud", etc. When there is no report, they are making no claim as to their financial position, so there is no way to determine there is financial shenanigans that could impact investors.

Let's say a company reports annually, and the day after reporting they borrow a zillion $s from a bank on an 11-month loan. As an investor, you would have no way of knowing that, so you would have a gross misunderstanding of the company you are investing in. If they pay the loan off in time, you may never even know they took it.

When I own shares of stock, I am an owner of the company. I want to know everything it is reasonable for me to know, as soon as it is possible for me to know it. Better than companies overwhelm owners with information than not give them enough. And in this era of computerization, it isn't really very difficult to do at all.

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