Watchlist Changes

I'm making the following changes to the Watchlist:

Earnings plays:

• Add CRUS, CTSH, DECK, GOOG, GRMN and TSM.

Other bull plays:

• Remove D and EPD for financials that I don't like so much.
• Move FTR, MVO and NLY to a new section, Wounded Birds.

The stocks in the new Wounded Birds section are interesting for various reasons -- they seem capable of taking flight -- but also deeply flawed.

NLY pays an awesome 14% dividend, but has a debt more than six times equity, MVO has had declining earnings per share three years running and FTR has price/earnings growth more than 16 times annual earnings per share growth, a level that suggests the stock is grossly overpriced.

I have owned NLY and FTR in recent months, and presently have a bull position in MVO.

Anyhow, look for the new line-ups in the Weeklies posted later today, and in the Watchlist postings next week.