I've been thinking about this problem and I think it should be up to the relationship between the company and the investors. A company may not be as open with i

I've been thinking about this problem and I think it should be up to the relationship between the company and the investors. A company may not be as open with investors as others and it's up to the investors to take that into account when evaluating the company. All things being equal that company would trade at a discount. In a way, I think this is similar to Google refusing to issue guidance (not sure if they still do that) and the shareholders just needing to deal with it.