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: Natural gas utility Nicor
So what: According to reports, JPMorgan
Now what: If the company finds a buyer, investors would get a nice bump, but it doesn't sound like buyers are lining up to pay 15 times 2011 earnings when the S&P 500 Utilities Index trades for around 12 times. I am selling today's rumors and think the bounce could be a nice exit point for this stock. I may be at risk of missing out on a buyout candidate, but I don't get the feeling Nicor will get a price it thinks is acceptable.
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