[fragmede]

That only works if we pretend investors and customers are wholly disjoint sets of people who don't talk to each other, or are sometimes even the same person/people. However, they are/can, so we can't pretend they're working off different sets of information. How that affects the broader case; I'm not saying here, just pointing out that we can't really treat the groups as separate in this modern era. Especially since many shareholders/investors are that because they like the customer experience so much.

[lsaferite]

I don't disagree with you at all on that point.

That being said, we should treat the designated audience of the information as an indicator how the information should be interpreted. Just because an investor shops at Costco and was on the public call doesn't somehow change the messaging on the receipt.