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 Dean Foods (NYSE: DF) jumped 10% today after the company released better than expected earnings.

So what: Loss per share before adjustments was $20.7 million or $0.11 per share on revenue of $3.15 billion. On an adjusted basis earnings per share of $0.15 beat analysts' estimates by a penny.

Now what: The milk business is stabilizing from terrible depths in the recession, but it will be a long road to recovery. Margins are still very thin and volumes have not picked up yet. In the long-term I think the company will be OK, but the $4.1 billion in debt hanging over the company and a slow pickup in business will keep me from picking up shares.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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