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 paper and tobacco products company Schweitzer-Mauduit
So what: Why the swooning stock price? There's no news out on the company, so it's unlikely that it's fundamental issues. Schweitzer-Mauduit's stock, however, has a very low average trading volume, so if there are any larger institutional investors looking to reduce or eliminate their positions, it could create significant selling pressure.
Now what: Schweitzer-Mauduit's primary business is tobacco. Roughly 90% of its sales come from tobacco products, and the company counts Philip Morris International
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