Thread by @OpenOutcrier

I find it utterly shameful the current trend of how companies are treating the public markets and investors these days

From the late stage Bagholder IPOs as a means for insiders and executives to cash out, to Companies eschewing traditional GAAP earnings for their ever changing Non GAAP reports, to now deciding to stop reporting certain metrics altogether

$AAPL will no longer divulge iPhone, iPad or Mac #s
$FB will soon no longer divulge user #s
$GM & $F will stop with monthly sales #s
Trump wants to end quarterly reports altogether (and Buffet and Dimon support this)

Companies more and more want to treat investors like mushrooms, just feeding them shit and keeping them in the dark.

Screw you for insinuating we are valuing your company wrong or don’t understand your business. Just give everyone all the information and let the market sort it out. We want to support growing thriving successful businesses.

If your company is changing or evolving, then guide them through this process on the conference calls. Explain the changing metrics and put your spin out there.

IF this means you take a short term hit as the market tries to figure things out, so be it. Clarity and success will be rewarded in the long term.

The Collusion of companies to participate in the subterfuge of their earnings and numbers is a step backwards and the whole market will pay for it one day or another.

And another thing: everyone needs to stop bitching to the SEC about down day/week/month in the market. This is what happens when no one knows anything for certain anymore because Companies left us to guess what the hell is going on for ourselves.

We should be up on arms about SECs unwillingness or ability to establish and enforce a consistent standard for these reports to adhere to.

The market loses confidence when it takes a forensic accountant to figure all this shit out. You shouldn’t need to be a CFA with a fine tooth comb to understand a companies earnings report from one quarter to the next.

If you want the average investors money then they need to have a reasonable chance to understand the business and track its progress.

(But no one cares because its all ETFs and Index funds now anyways)

I think I'll save Buybacks for a whole separate rant.

Night everyone, thanks for indulging me.