RE:Upcoming one time charges: Thoughts on timing of disclosingThanks for your input starsearcher....you realize there may only be 2 or 3 people here to listen to your dribble. And those 2 or 3 people may only hold 200 shares. Good luck starsearcher! How your 20% loss feel?
MNK3240 wrote: In the past, Canopy recorded one time charges and disclosed during ER, so whatever the impact was, it lasted a few days post ER that was a good thing in the sense that it was a surprise.
This time, they already estimated the potential charge $700m to $800m that is coming with next ER. The problem is there will be immediate impact on SP for the news and then it will have a lingering affect until the next ER as it will be at the back of everyone's mind.
Probably, Canopy's thought was to get it out of the way along with plant closing and employee lay-off news.
My thought it would be better not to estimate and disclose it before ER, that way Canopy SP did not have to be under pressure until ER. Of course, it all depends on as to how one interprets it.