CoreLogic Shares Popped: What You Need to Know
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.
So what: Surprised? Don't be. Not even a month ago, CoreLogic blamed weakening demand for its analytics services among mortgage bankers for poor quarterly results. The stock subsequently tanked even more than it's up today. Only recent buyers have seen anything resembling gains.
Now what: Winnings could fade fast unless CoreLogic makes progress in finding a buyer. Analysts expect essentially zero growth from now through next year, which probably means more losses. (CoreLogic last turned a profit in 2009.) Do you agree? Would you buy at these levels? Weigh in using the comments box below.
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At the time this article was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Motley Fool newsletter serviceshave recommended buying shares of CoreLogic. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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