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 Barnes & Noble
So what: That kind of commitment would usually be a huge positive for shareholders, but it also means that Liberty's previous $17-per-share takeover bid is now off the table. Of course, given that rumors about Liberty's change of heart were already floating around (the shares are now down 40% in August alone), today's news isn't that big of a surprise to Mr. Market.
Now what: I wouldn't be so quick to pounce on this plunge. Without the glowing prospects of a buyout, buying into a company that's being punished by discounter Wal-Mart
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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Apple, Amazon, and Wal-Mart; as well as creating a bull call spread position in Apple and a diagonal call position in Wal-Mart. The Fool owns shares of Apple and Wal-Mart. Try any of our Foolish newsletter services free for 30 days.