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 Goodrich Petroleum
So what: This is what happens in buyouts, Fool. Anything that smells like the acquired company rises. Shares of Rackspace Hosting
Now what: Far as we know, AT&T hasn't tried to purchase Rackspace, and just because Petrohawk is exiting into BHP's arms doesn't mean we'll see a deep-pocketed suitor show up at Goodrich's door, either. Stay focused on the fundamentals, and the rest will take care of itself. Do you agree? Disagree? Feel free to weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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