One important consideration to always keep in mind with investments is the accounting practices of a given firm. Because there is a lot of room for estimates in financial reporting, a firm?s management may use accounting tricks to appear more profitable than they actually are.
With that in mind, we wanted to screen the high-volume gainers on 5/9/11 for those that have conservative accounting practices. To gauge this we used the accounting and governance risk scores from forensic accounting firm Audit Integrity. Scores closer to 100 indicate conservative accounting risk.
We also created an equal weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.
Do you think these names have more upside potential? Use this list as a starting-off point
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Gina Carano Sanaa Lathan Ana Beatriz Barros Maria Menounos Shakira
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