Evaluate the following statement: Managers should not focus on the current stock

value because doing so will lead to an overemphasis on short-term profits at the

expense of long-term profits. (in 2-4 sentences)

Please do not answer with: Presumably, the current stock value reflects the risk, timing, and magnitude of all future cash flows, both short-term and long-term. If this is correct, then the statement is false.