Shares of Joy Global (JOY -0.9%) fall for a second day in a row on a report by Anonymous...

|About: Joy Global Inc. (JOY)|By:, SA News Editor

Shares of Joy Global (JOY -0.9%) fall for a second day in a row on a report by Anonymous Analytics yesterday that suggested fraud at Joy's IMM unit. William Blair thinks the impact may be overblown, saying that although the report was very detailed and credible, IMM accounts for less than 5% of JOY's earnings. The bigger issue for JOY and other industrial names like CAT are weak mining markets.