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What: Shares of Leap Wireless International
So what: In the just-reported first quarter, Leap added a lot more wireless subscribers to its Cricket service than anticipated. That led to massive sales but also very high operating costs as one-time costs for those new accounts had to be accounted for. Investors are clearly happy with that trade-off.
Now what: The report also inspired a glowing review from analyst firm Collins Stewart, which raised its target price for the stock to $22 per share and drew favorable comparisons with pay-as-you-go rival MetroPCS
Interested in more info on Leap Wireless International? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools don't 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.