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 Florida bank BankAtlantic Bancorp
So what: Is Pittsburgh's PNC Financial
Now what: Gambling on acquisition rumors is among my least favorite things. Furthermore, in this case it sounds like Regions Financial may be PNC Financial's primary target, with BankAtlantic a possible alternative. Frankly, unless PNC Financial could get a really good price for BankAtlantic, PNC Financial shareholders would probably be better off if it grabbed Regions Financial. Investors would be well-advised to stay tuned to this story, though, because regardless of which direction PNC Financial ends up going, my crystal ball shows significant volatility ahead for BankAtlantic shares.
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