RE:RE:RE:Serious question here...jdsd0517 wrote: The second comment doesn't make sense. It isn't relevant that the news is outside the reporting period; what is relevant is that they actually did this release at all so close to earnings.
That's the question on the table. It looks odd. Only three kinds of management teams would do this:
- Noobs that don't know any better
- Teams that are over active in trying manage perception
- Teams that are playing three dimensional chess that is beyond the average investor
I am pretty sure it isn't #1
It's only your opinion... I've been there before (as in personal experience) regarding earnings release (MD&As, earnings news release) and that's what you focus on. It is absolutely relevant that the period isn't the one that's being reported.
I personnaly know companies that believe that you need to put out regular news release, so whenever they get anything "worthy" enough, they release it. The goal is to provide investors with a regular news flow and keep the name current. They aren't noobs either, over $1B worth companies.
As to your theory that it must "mask" something, that would put management in #1 on your list. If they wanted to "wag the dog", then they would have released this news after the earnings report (or at the same time, as part of the first few lines in the news release... which financial people even in the company would frown upon). Plus, trying to put lipstick on your pig almost never works.
Last year, they reported on March 18th, 400% YoY Growth (so, pretty good). They previously released news on the March 8th, March 10th and March 15th. Like I said in my previous post, they have an history of releasing news releases quite often and have never been shy in the past about getting them out near the earnings release. Their news releases are public info, they used to pump out something like 4 news releases every month.
Anyway, I'd go into reading tea leaves, you'd get as much good information as speculating on news release timings, imo.