Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Coleman Cable's Shares Popped Midday

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 cable and wire maker Coleman Cable (UNKNOWN: CCIX.DL  ) jumped 10% after rumors circulated that the company is for sale.

So what: Around noon EDT, Reuters reported that the company is exploring a sale for as much as $750 million. If true, that's a big premium to the company's $460 million market cap, even after the pop today. 

Now what: These are just reports right now, and it's risky to bet on speculation of buyouts. I don't think there's really any reason to change your investment thesis today, but it may be a reason to hang on if you're thinking about selling. A buyout could generate a big premium and, if you're already in the stock, there's no point in selling unless the investment thesis changes, which it hasn't today.

Another top stock for 2013
Markets are up big this year, but there are still opportunities out there for investors. The Motley Fool's chief investment officer has hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2013." To find out which stock it is and read our in-depth report, simply click here. It's free!

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2706226, ~/Articles/ArticleHandler.aspx, 9/30/2016 1:32:11 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
CCIX.DL $0.00 Down +0.00 +0.00%
Coleman Cable CAPS Rating: ****