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.