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 shipping company UTi Worldwide (UNKNOWN:UTIW.DL) fell as much as 11.7% today after the company reported earnings.

So what: In the fiscal fourth quarter, revenue dropped 2.1% to $1.08 billion and the company lost $50.7 million, or $0.48 per share. On an adjusted basis, the loss was $0.15 per share, which was $0.04 worse than estimates.  

Now what: A $725 million debt refinancing may stave off complete failure, but the economy and operations need to improve significantly for long-term viability. Management continues to provide optimistic projections for cost cutting, but unless revenue improves that won't matter. This just isn't a company I would be betting on right now, primarily because the top and bottom lines are headed in the wrong direction.