In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting & go to a six month system,” said one. That would allow greater flexibility & save money. I have asked the SEC to study!
This is a very good idea. The quarterly reporting does nothing except create needless volatility around the numbers. So only two times per year would the punters be able to profit from this dog and pony show. The numbers are the numbers whether reported 2 or 4 times per year. The only people other than volatility traders and inside traders that would fight this are the accountants, and a bigger bunch of flimflam artists do not exist. It's nothing more than a shell game very quarter.