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 offshore support specialist SEACOR Holdings
So what: SEACOR's fourth-quarter earnings got roughed up by the drop in drilling activity that followed last year's Gulf of Mexico oil spill.
Now what: If that weren't bad enough for SEACOR, cleanup activity around the spill is dropping off quicker than interest in American Idol. SEACOR is stuck with a growing fleet of vessels sitting unused, daily service rates are dropping precipitously, and there's really nothing good going on here. Curiously, direct competitors Gulfmark Offshore
Interested in more info on SEACOR Holdings? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Fool owns shares of Gulfmark Offshore and Tidewater. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.