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 warehouse club operator BJ's Wholesale Club
So what: A buyout offer from private equity firm Leonard Green & Partners pushed BJ's to hire Morgan Stanley
Now what: Speculating on a takeover can be tricky business, so most investors should be buying right now only if they like the business and the valuation and would be OK holding the stock if the buyout scenario falls apart. If you've got a hankering for warehouse club exposure and don't want to chase BJ's and its buyout hoopla, you could also consider Costco
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