Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Conexant Systems
So What: Early in the morning, the ComTex SmarTrend service noted that Conexant carries a higher earnings yield than any other semiconductor stock, edging out Micron Technology
Now What: Much like an unsustainable dividend yield, a high earnings yield can also highlight a problem stock. Even the SmarTrend note is "bearish" on Conexant. It's notoriously difficult to even get a handle on what Conexant does for a living. Better-run rivals such as Micrel