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 mobile carrier MetroPCS
So what: For those who missed it, yesterday's action saw shares of MetroPCS plunge 30% on a $0.05 earnings miss. Costs ran higher than expected while subscriber growth lagged. It's a story Sprint Nextel
Now what: Should you be buying at these reduced levels? Analysts at Robert W. Baird are skeptical. Earlier today, the firm downgraded its rating from outperform to neutral. Do you agree? Disagree? Weigh in using the comments box below.
Interested in more info on MetroPCS? Add it to your watchlist .
Fool contributorTim Beyers is a member of theMotley 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'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.
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