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 Insight Enterprises
So what: Insight provides technology infrastructure to businesses, including professional services for organizations not large enough to contract with top outsourcers IBM and Infosys. It's good business: Revenue improved 16% last year. Normalized profit more than doubled over the same period.
Now what: Valuation may be driving the rally. Insight trades for a fraction of the long-term earnings growth analysts expect, resulting in a 0.59 PEG ratio as of this writing. If they're right, the stock may pop several times more before 2011 is over.