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Posted On: 05/02/2019 2:26:25 PM
Post# of 15624
Re: Letitride1027 #15076
Tomorrow morning, at 5 a.m. here in California, IMGN, a company I've been involved in for decades, is holding a quarterly conference call that they announced weeks ago after issuing the data roughly a half hour before. I frankly don't like the process, as it's so early here, but years ago they changed from doing it after the market closed to before the open because most Analysts who ask questions are on the East Coast, and they prefer not having to remain in their offices until hours after the market closes. I bring it up, because they're doing business the right way, and it's what OWCP should be aiming to do.
The SEC doesn't require a webcast of quarterly results, but all sorts of companies do it as it's an opportunity to speak to both investors and Analysts and not be accused of hyping as they discuss results and answer questions. Personally, I'm not intending to purchase or sell based on what's said, so I'll wait until I get up normally, have at least my first cup of coffee, and then perhaps look at the statement and listen to the recorded presentation, which will be on the company website.
A glimpse at the stock price will tell me if what was said was taken positively, or not, but frankly I find that often the agencies like Reuters only look at whether earnings meet of beat expectations. The company could say they're curing a specific cancer, but if they missed earnings by a nickel the headline would be, they missed earnings, not that they're curing cancer. I'm frankly saddened by what's happened to news reporting agencies where all they care about is earnings, not what companies are trying to do.
The thing about doing this is, you have to be open to discussing what you're doing with whatever analysts or stockholders who're permitted to call in. Certainly in some cases questions aren't answered, it's simply stated that we cannot discuss that issue at this time, or some other form of weasel words, but at least some issues are openly discussed and investors gain a much better insight of where the company is going. In the time I've owned OWCP I cannot remember even one such presentation.
Gary
The SEC doesn't require a webcast of quarterly results, but all sorts of companies do it as it's an opportunity to speak to both investors and Analysts and not be accused of hyping as they discuss results and answer questions. Personally, I'm not intending to purchase or sell based on what's said, so I'll wait until I get up normally, have at least my first cup of coffee, and then perhaps look at the statement and listen to the recorded presentation, which will be on the company website.
A glimpse at the stock price will tell me if what was said was taken positively, or not, but frankly I find that often the agencies like Reuters only look at whether earnings meet of beat expectations. The company could say they're curing a specific cancer, but if they missed earnings by a nickel the headline would be, they missed earnings, not that they're curing cancer. I'm frankly saddened by what's happened to news reporting agencies where all they care about is earnings, not what companies are trying to do.
The thing about doing this is, you have to be open to discussing what you're doing with whatever analysts or stockholders who're permitted to call in. Certainly in some cases questions aren't answered, it's simply stated that we cannot discuss that issue at this time, or some other form of weasel words, but at least some issues are openly discussed and investors gain a much better insight of where the company is going. In the time I've owned OWCP I cannot remember even one such presentation.
Gary
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