CARM addendum—Even though the SEC allows extra time for reporting end-of-fiscal-year financials, I consider it shareholder-unfriendly to release financials that are essentially a full quarter out of date.
Barring some accounting issue that requires restatement of prior results, even small companies should be able to close the books and get them audited in a timely manner.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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