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Super Micro blasted by their auditors on the way out
Wow. In the strongest statement I’ve seen in a long time by an auditor, Ernst and Young has resigned as Super Micro Computer’s auditing firm saying that it is “unwilling to be associated with the financial statements prepared by management.”
This happens just six days ahead of their earnings November 5, which the company has reiterated will still take place.
CNBC Talking Head Jenny Harrington is holding the bag on NYCB losses
Jenny Van Leeuwen Harrington, CEO of Gilman Hill Asset Management and frequent CNBC contributor, owns up to holding on to her NYCB stock, which is in free-fall today and down ~60% over the last week.
Here’s the video:
She calls the management team “arrogant” and excoriates regulators on allowing the merger with Signature Bank.
She claims that she’s reduced it to a small position, but as recently as January, she was calling it “oversold” on social media and acknowledging that her followers had jumped into the position on her recommendation:
Another Tweet the next day saw her sticking by the position and begging “plssss don’t let me regret that statement!”
