I'm out

After sleeping on it, I sold CCRT this morning and bought more FMD. The earnings miss and a couple other things (fee rebates and lower return acquisitions) really bothered me. At this point I think management will have to execute perfectly to make over $4 in managed earnings and this is a very tough business with lots of uncertainty. I might own the stock again at some point but I like the risk/reward of FMD much better here.