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 women's apparel specialist bebe stores
So what: Consumer spending has been front and center in many investors' minds and has them concerned as much about fellow fashion retailers Pacific Sunwear
Now what: The economy is going to have to get further along in its recovery and consumers are going to need to repair their balance sheets before we can really expect a comeback for companies like bebe. However, bebe isn't in any immediate danger since the company has a hefty cash balance and no debt. It'll likely continue to be a bumpy road for bebe, but for investors willing to wait, the shares look like they could be on the cheap side right now.