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 manufacturer Blount (UNKNOWN:BLT.DL) fell 10% today after the company released fourth-quarter earnings.

So what: The company reported revenue of $229.6 million, which was down 3% from a year ago. The company had quarterly net income of $9 million, or $0.18 per share, which was down $0.01 from a year ago and below the $0.23 estimate from analysts.  

Now what: Both North America and Europe saw slowing demand because of economic uncertainty, according to management. But revenue is expected to pick up slightly in 2013, to revenue of $930 million to $980 million, up from $927.6 million last year. With shares trading at 17 times earnings, and profit on the decline, I'll sit out this discount and wait for higher profits or a much lower stock price to get into this stock.

Interested in more info on Blount? Add it to your watchlist by clicking here.