re: Corporate reporting - move from quarterly to semiannual reporting?

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Eh, disagree. The less often you report, the more of a swing you would have. Long term it won't matter as much I wouldn't think. Who cares about Q3 in 2014 or Q1 in 2010 now? But I'm simply saying that if your semi annual report is bad, that's worse than having a bad Q1.

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Yes, but if your semi annual report is bad, it's likely due to back to back quarters.

I get what you're saying about two major moves a year instead of four moves at half those rates, but I believe the semi annual reports would be less volatile than the sum of their parts.