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
Want to keep up to date on BJ's? Add it to your watchlist by clicking here.
Costco Wholesale and Wal-Mart Stores are Motley Fool Inside Value picks. Costco Wholesale and Whole Foods Market are Motley Fool Stock Advisor recommendations. Wal-Mart Stores is a Motley Fool Global Gains choice. The Fool owns shares of Costco Wholesale and Wal-Mart Stores. 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.
Fool contributor Matt Koppenheffer owns shares of Wal-Mart, but does not own shares of any of the other companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.