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 GT Solar International
So what: Everything started with a fine earnings report after Friday's closing bell, then continued with news of a $203 million private buyback program and the resignation of chairman Brad Forth. If it seems cynical to call the chairman switch an improvement, consider that private equity manager Forth named his own replacement and never intended to run the company for very long.
Now what: The market for solar panels, modules, and films is in flux right now and you never know if it's going to be a good day or a train wreck for the industry as a whole. Evergreen Solar
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