CoreLogic Shares Popped: What You Need to Know

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 CoreLogic (NYSE: CLGX  ) jumped as much as 28% in early trading after the company said it had hired Greenhill & Co. (NYSE: GHL  ) to explore strategic options, including a merger or sale.

So what: Surprised? Don't be. Not even a month ago, CoreLogic blamed weakening demand for its analytics services among mortgage bankers for poor quarterly results. The stock subsequently tanked even more than it's up today. Only recent buyers have seen anything resembling gains.

Now what: Winnings could fade fast unless CoreLogic makes progress in finding a buyer. Analysts expect essentially zero growth from now through next year, which probably means more losses. (CoreLogic last turned a profit in 2009.) Do you agree? Would you buy at these levels? Weigh in using the comments box below.

Interested in more info on CoreLogic? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Motley Fool newsletter services have recommended buying shares of CoreLogic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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