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 NL Industries
So what: The company may also be benefiting from institutions following insiders. CEO Harold Simmons was a buyer back in February. A Grand Selloff may have enticed him back in, and a rush of institutional investors along with him.
Now what: I know, I'm speculating. But would anyone really be surprised? The stock trades for just six times earnings and two times book value, cheap multiples when compared with its industry peers. Is that enough? Would you buy shares of NL at these levels? Weigh in using the comments box below.
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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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