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 Chinese meat processor Zhongpin
So what: Zhongpin has no news to report today, nor are we hearing market-changing reports on the Chinese economy. Country Style Cooking
Now what: Chalk this one up to "just another movement," folks. Trading was very light until the shares fell far enough to be newsworthy for that very reason, and nothing has changed in the company, around it, or for business prospects ahead. Zhongpin is busy borrowing money to expand faster, which is a turn-on for some investors and a warning sign for others. With a PEG ratio just north of 0.5, there seems to be more risk than reward priced into the stock right now.
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. Motley Fool newsletter services have recommended buying shares of Country Style Cooking Restaurant Chain. 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.