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 TransMontaigne Parners (NYSE: TLP) fell 10% today after the company released earnings for the fourth quarter of 2010.

So what: Revenue increased 7.1% from last year to $39.5 million and beat expectations of $37.7 million from analysts. The company reported a loss per share of $0.24 on non-cash charges of $8.5 million that affected earnings negatively.

Now what: Distributions increased two cents to $0.61, so shareholders should be a little encouraged by that. In 2010 cash flow grew to $53.1 million from $43.9 million last year, which should take more focus than the earnings per share number. I think this dip was overdone today and the 6.1% dividend yield looks very attractive going forward.

Interested in more info on TransMontaigne Partners? Add it to your watchlist.

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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