The longer the 10-K, the worse the stock?
The concern is that earlier releases often did not reconcile with GAAP.
Accounting ethics Abraham Lincoln-style.
There are rumbles in the industry that more than one Big Five accounting firm will be found in violation of independence regulations.
Investment banks venture into the microcap world.
The fast pace of M&A of late seems to have overwhelmed fixed-asset planning.
Investors like to see full balance sheet, not just the bottom line.