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-based BankAtlantic Bancorp
So what: Just last week, we were watching BankAtlantic shares head for the rafters as traders speculated on the potential for the bank to be bought out by PNC Financial
Now what: What's an investor to do? To the extent that it's possible, they're probably best served tuning out the rumors and focusing on what they think BankAtlantic is really worth. Sure, a buyout could bring a quick pop to the stock, but rumored acquisitions often never come to fruition, so investors watching the stock today should make sure they'd be pretty comfortable owning the underlying bank even if a deal never pans out.
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