I read somewhere that a company conference call is not public information? That sounds very weird to me. Are we suppose to treat a company conference call (open to public) as non-public, hence information in the call can not be acted on?
A conference call open to the public to discuss publically reported results would not in itself be considered non-public. If however, management were to reveal something (of significance) not included in the public financials then that could be material non-public information that one would have to encourage management to disclose publically before acting on.
At least this is my understanding…
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