Guidance: Too Little, Or Too Much?

Plus! Earnings, Economics of Litigation and Dueling, ECB Legalism, Value, and more...

The FT notes that the number of companies providing full-year guidance has dropped by half, irking anyone whose job is to estimate earnings by taking guidance, adjusting for historical sandbagging, and then tweaking the number up or down a couple percent depending on how optimistic they feel at the moment.[1] The nature of predicting quarterly results h…

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