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 backbone network provider Level 3 Communications
So what: The proposed merger with Global Crossing
Now what: Approved mergers are usually seen as good news, unless some cohort of traders was hoping for a big "no" and then a better deal. I'm not a huge fan of Level 3 shares in general, but the stock looks fairly attractive at these low prices. If you think that Level 3 is headed for the great gig in the sky, by all means stay away -- otherwise, digging deeper into the company looks like a smart move.
Interested in more info on Level 3 Communications? Add it to your watchlist.