Olga Conrad, a financial writer, noted recently, “Thereare substantial arguments for including earnings projectionsin annual reports and the like. The most compellingis that it would give anyone interested something nowavailable to only a relatively select few—like large stockholders,creditors, and attentive bartenders.” Identifysome arguments against providing earnings projections.

Question

Olga Conrad, a financial writer, noted recently, “There
are substantial arguments for including earnings projections
in annual reports and the like. The most compelling
is that it would give anyone interested something now
available to only a relatively select few—like large stockholders,
creditors, and attentive bartenders.” Identify
some arguments against providing earnings projections.

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