A Yawn for the Wall Street Handicapper

Gene Marcial's picks are putting the trader to sleep this week.
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Gene Marcial's column put me to sleep this week. He wants us to buy

Carolina Power

(CPL) - Get Report

! Heavens to Betsy, could there be anything more boring?

Sure enough, there's a hidden asset play here. Carolina Power's got a fiber-optic network that it might spin off. Wake me when they do it.

He also pushes

Hughes Electronics

(GMH)

as a takeout. I would put this one in the hell-freezes-over category. Gene-o goes back to an old well here, as Hughes Electronics is a pick of William Harnisch from

Forstmann Leff

, which owns under 4% of the stock float. I have

never

made a dime following this guy and I would sell right into this one.

Finally Marcial likes

CVS

(CVS) - Get Report

because of the Procare pharmacy rollout. I could see this stock being a decent investment, but I do not care about Procare. If there is a pop, take it.

Random musings:

Great piece by Floyd Norris on Frank Slattery in this morning's

New York Times

. Guy calls himself Quint. OK Quint, I'm Chief Brody. I have seen the movie. You get eaten in the end! (Credit to

Berko

on this one.)

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.