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 optical components manufacturer Fabrinet
So what: Analyst firms Stifel Nicolaus and Morgan Stanley just downgraded Fabrinet from buy to hold. We don't have any detail on the reasons for these harmonized hits, but Fabrinet recently said that floods in Thailand are having a material impact on operations in that crucial manufacturing space; the downgrades are likely reactions to the bad news.
Now what: Just when you thought no company could suffer as much from the Thai disaster as hard drive maker Western Digital
- Add Fabrinet to My Watchlist.