Stock Market and Finance blog network Seeking Alpha has announced that it is going to offer free earnings conference call transcripts for nearly 400 leading public companies scheduled to report in the coming days and weeks.
Previously investors had to pay thousands of dollars in annual subscription fees for conference call transcripts.
“Public companies comply with SEC regulations by making their earnings calls freely accessible, but who has the time or desire to listen to tens of one-hour conference calls each earnings season?” Seeking Alpha Founder David Jackson said. “Access to conference calls in text format allows investors to skim the less important information and hone-in on the key material in minutes, before the market opens the next morning, just as professional investors do.”
“Make no mistake: timely access to transcripts of conference calls in practice means access to the calls themselves. By offering conference call transcripts for free, SeekingAlpha.com is dismantling the last bastion of privileged investment information. This is great news for individual investors, financial advisors, VCs, journalists and anyone else who wants to know what companies are saying about their businesses,” says Jackson, a former technology equities research analyst.