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 H&E Equipment Services
So what: That's really all I've got for you, folks. Because what? I do not know. It's been nearly a week since H&E reported earnings, so that bad news is already out there. The company hasn't filed anything significant with the Securities and Exchange Commission today, either. Really, there's no news to speak of that could explain the drop, unless ...
Now what: We cast our eyes farther afield, and examine what's happening at companies like H&E. What we find here is that rival Hertz Global Holdings
I don't know this for a fact. Heck, I don't even know this for a rumor. But if a badly priced acquisition turns out to be either fact or rumor, it might help to explain what's going on with H&E's stock price.
What is really going on with H&E Equipment Services? Add it to your watchlist. As soon as we know, you'll know.