Q: Why do some companies issue general statements prior to the release of their quarterly reports? EGLX and SIS, among others, have recently done this. I can understand if there is something material (usually negative) that is happening people should know but I get suspicious when it is just to announce good news on what is a usually lagging stock price. The negative side I see to this is that if they announce good news when their stocks are down if next time they don't make a special announcement (and the stock is still down) then should we infer a bad new quarterly report is coming?
Appreciate your insight.
Paul F.
Appreciate your insight.
Paul F.