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 defense contractor and business jet maker Textron
So what: Rumor has it that UTC is lining up creditors to support a $20 billion purchase offer -- which makes Textron's leap all the stranger given that its market cap today is only $5 billion.
Now what: Is United Tech planning to pay a 400% premium to Textron's market cap? That would certainly be nice -- but not likely. So who is UTC planning to buy? Boeing's
My best guess is Raytheon
Valuation aside, what company makes the most sense for UTC to buy? Add it to your watchlist, and read along as we discuss the question.