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 wire and cable products specialist General Cable (NYSE: BGC) climbed as high as 11.5% in intraday trading Wednesday after posting better-than-expected quarterly results.

So what: Fueled largely by a 12.8% jump in volume, General Cable reported fourth-quarter adjusted earnings of $0.75 per share, easily topping the average analyst estimate of just $0.47 per share. Specifically, strong demand for its transmission cables in the U.S. and Brazil, as well as solid growth in Mexico, helped offset the seasonal volume declines in other products and regions.

Now what: Even with today's pop, General Cable is worth looking into. The company's top-line guidance for next quarter also managed to trump Wall Street, so it's obvious that management expects the positive tailwinds to keep blowing. At an EV/EBITDA of just seven, a clear discount to large electrical equipment stocks such as ABB (NYSE: ABB) (10.4) and Eaton (NYSE: ETN) (12.2), General Cable seems cheap enough to find out.

Interested in more info on General Cable? Add it to your watchlist.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. ABB is a Motley Fool Global Gains selection. Try any of our Foolish newsletter services free for 30 days.

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