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 Clearwire
So what: If the deal goes through, Sprint and Comcast -- already investors in Clearwire alongside Time Warner Cable
Now what: I wouldn't jump into the shares just yet. As several industry analysts have pointed out, speculation of some sort of a cable/Sprint deal has existed for quite some time now, so the Bloomberg report alone isn't much of a reason to get excited about Clearwire. Fools know never to buy a stock based purely on buyout buzz, but when a company is as cash-strapped and debt-ridden as Clearwire is, it's especially important.
Interested in more info on Clearwire? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of AT&T. Try any of our Foolish newsletter services free for 30 days.