Herbalife (HLF) Exposed!
- Thread starter lwlee
- Start date
I may wrong, but I don't think he is one of those who make money chasing quick bucks.
As you may know, an employee of KPMG overseeing HLF's audits has been accused of insider trading and KPMG has withdrawn from the HLF account and has withdrawn its audit reports for HLF from 2010 on.
When this happens, does the previous auditor typically pay some or all of the client's costs to get a new auditor and re-audit the books, or is the client on their own?
When this happens, does the previous auditor typically pay some or all of the client's costs to get a new auditor and re-audit the books, or is the client on their own?
This is not the course of action taken in an accounting withdrawal. Its not the errors in numbers its the oversight thats in question. Normally out of integrity issues the firm usually withdraws voluntarily to save face with their shareholders and protect the integrity of the numbers by letting them stand alone with another auditor.
They are just counting beans. Insider or not they counted the same numbers. HLF is a solid stable stock and with more health
They are just counting beans. Insider or not they counted the same numbers. HLF is a solid stable stock and with more health
Quote from Pekelo:
Almost hit $53 earlier today, now around 50...
Where is that exposure when you need it?
ouch
ackman are you still in?
Quote from Pekelo:
Almost hit $53 earlier today, now around 50...
Where is that exposure when you need it?
Close enough for horseshoes and granola.
Or something like that....
