Piper Jaffray analyst Alexander Potter wrote, "We are downgrading MXWL to Neutral following the sudden resignation of the company's auditor, McGladrey LLP. We defended MXWL earlier this month when the company first announced an error in its historical filings. At the time, the issue appeared relatively benign: the errors apparently dealt with inappropriate revenue recognition, but only resulted in ~$12m of necessary adjustments. However, we struggle to see how/why the company's auditor would resign over this issue. We believe investors are likely to suspect more grievous problems, and thus we are cutting our target multiple to 5.5x EV/EBITDA, which is well below the peer group average of 9x-10x."
Do you think you may be able to fill the entire page only with your posts?
You think maybe that will make people listen to you? As if everyone has not read everything your posting - I mean it's been news since 9AM this morning. Apparently you are late to the party. But, I implore you to short as much as you can afford first thing in the morning since you obviously have this all figured out.