You think Bernie Madoff has worked up enough nerve to hit the showers yet? (That's so wrong, I know.)

Asian stocks were down, but only a smidge. The Hang Seng was closed on holiday and the Nikkei was off 0.19%. Europe, however, was in positive territory earlier this morning. And here in the US, we're currently trading higher.

Here's what I’m focused on this fine Wednesday morning -- which kind of feels like Thursday since tomorrow's like a Friday!

Sealy Corp (ZZ):
 This isn’t typically one I’d cover here in Ticker Shock -- especially since it sports a market cap of only about $180.5 million or so. But it’s a big name in bedding and its second-quarter results could draw some eyes this morning. 

Sealy put up a loss of $0.06. However in the release, it was quick to point out that "results for the quarter included charges of $11.9 million net of tax or $0.13 per diluted share related to the Company's refinancing of its senior credit facility on May 29, 2009 and rights for Convertible Notes.”

The Street had been looking for a nickel.

My thoughts:

1. The shares are probably fairly valued right where they are. Keep in mind that it’s expected to earn just $0.15 a share this year and $0.20 next year. Big whoop.

2. Maybe I’m wrong and the shares are worth cozying up to. But if so, why aren't insiders nuzzling up?

3. Though mattresses are a necessity for most of us, they're often expensive. As such, it's possible people will put off purchases of new ones for as long as they can.

4. Under $2 a share and with so many other potential investment options out there, it could have trouble getting a lot of love.

You have to give credit where credit is due. I was happy to see that SG&A costs have come down pretty sharply from the comparable period last year.

With this company, I don’t need to sleep on it -- I’m taking a pass. Sorry, Sealy bulls.

Constellation Brands (STZ):
 The well-known adult-beverage company was out with its first-quarter numbers earlier this morning.

In the period, it earned $0.33 a share excluding items -- a penny better than expectations.

My thoughts:

1. I certainly wouldn’t call it a stellar quarter, but the bottom-line and top-line beats (net sales came in at $791.6 million versus the expected $780.86 million) is going to draw some positive attention this morning.

2. The fact that it trades around 8 times this year’s estimate is worth a toast.

3. I must admit I share an equal love for Diageo (DEO).

On a final note, Art Cashin had a great line on CNBC this morning: “I hope to have a fifth on the Fourth.”