RE:RE:RE:Rough calculation of stock market's excess discount...55cJusthalfful - I had given up, but will try one more time.
Are Rogers or BCE's quarterly earnings material? I say yes, as that they represent anout 25% of annual profit. Do they regularly preannounce each quarter? No.
And even if their results were unusually good, I believe the current interpretation of "material change" is that it only refers to changes in the business, operations or capital of the issuer - not to results of operations.
If you are right, every quarterly profit beat by every corporation would need to be pre- announced. That does not happen.