| ▲ | beambot 7 hours ago | |
> They have to explain what they are doing. They really don't. A public company doesn't even have to provide forward-looking earnings guidance, though many choose to do so for strategic reasons. The only reason to make announcements is if there's some strategic benefit to doing so. | ||
| ▲ | kjs3 4 hours ago | parent [-] | |
Well, yes, but wouldn't this fall under Regulation S-K, Item 303? They don't have to provide forward revenue guidance, but if they're exiting a line of business don't they have to disclose future trends and risks leading to that decision in their 10Q/10K? | ||