In light of the internet chatter about Ernst & Young’s inability to “protect” investors through the action of its auditing services in regards to Sino-Forest…we expect this logic to be carried out and spark a sell off of the following firms that EY has covered JUST THIS YEAR…..(shortened list to highlight the more “notable” names)
1. Ace Hardware
2. American Eagle Outfitters
3. Bombardier Inc
4. Borders Group
5. Chico’s FAS
6. Guess? Inc
7. Jo-Ann Stores
8. Kohl’s
9. Limited Brands
10. Michael's Stores
11. Oxford Industries
12. Pandora Media (not much to audit there)
13. Pier 1 Imports
14. Phillips – Van Heusen
15. Research In Motion
16. Salesforce.com
17. SanDisk Corp.
18. Staples
19. Target
20. Wal-mart
21. Xilinx
Let’s see if investors stick to their convictions and carry their logic that was applied to Sino-Forest to the rest of the EY auditing class of Q1 2011
