How strange. I saw a post about a class action lawsuit with the law firm's name and then suddenly it disappeared. What is that all about? Very strange!
If you ever want to find out what's wrong with a company, all you have to do is look at the leadership in place. There are a lot of unhappy people at Monster and I just lost the best sales manager I ever had. I'm already interviewing with two of our competitors because this place stinks!
Not a stellar gain but still pretty good for a traditional job board. Monster is going to be down 5-10% AGAIN and the stock will likely be in the $2.xx range after announcement.
The only person who believes Monster is worth something or will be worth something is Sal - he spent $14M to collar the convertible offering to protect on the up side.
20% up front - 3.5% for 5 years (17.5%) + 32.5% on the back end - yeah that is some real cheap money that he already spent on the stock.
I can't take it anymore - I won't be posting till after the earnings. Got to update my linkedin profile and start looking for a new job - they are almost on to me or there won't be anyone left soon.
CareerBuilder posted almost 7% quarterly revenue growth for Q3. Will Monster follow suit or are we looking at 170M--175M and a further 6%-8% decrease in revenue?
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And now just it is closer to $100M! What asset will Sal try to sell next? The only thing really worth much is his 6Sense technology for searching resumes. He would do better to license that product to software companies who sell Applicant Tracking or HRIS systems. I have seen it in use and it really is a good system but clients don't trust Monster enough to implement it. If it came pre-packaged with their ATS of HRIS, it would provide a better user experience for the client (win), and a higher sale (win).
The problem is that it just makes too much sense for Monster to do it.
Read the Seeking Alpha article - man was that a pump fest. Read through the convertible - paid $20M upfront to borrow and collar - that's pretty expensive.
In the end they are still down $100M (debt.) That doesn't leave much money to buy shares or companies or invest in product.
You just have to ask - after 8 years did they finally figure it out and get religion? The track record says no - revenue continues to erode even though the rest of the industry has been growing 20+% YoY for a long time now.
Look at traffic stats on Alexa it doesn't look good - Dice is up but Monster is down because they are running out of marketing spend for UV's.
Soon we'll have the greatest turn around in history or the end of a once great company. We know Q3 is bad - Sal already telegraphed that last quarter and it's why he was in a hurry to finish the offering. If you believe than go all in on the dip after earnings announced otherwise get out or go short.
when the stock went from the 3.60's to 3.90s in a matter of 10 seconds, that was the end of a huge position being unloaded....
i doubled up between 3.50 and 3.65 today and sld what i bought today at 3.95. If it pulls back i'll rebuy what i sold...i think it got killed yesterday in anticipation of the pricing..it'll be an interesting close tho...i don't think we'll see anywhere near the 3.6 (or 3.4!) range again, but ya never know
Could be but it's enough to allow buyers to negotiate on a better price versus $4.02. We'll see towards the end of the day - that's when it faded yesterday.
oh, make no mistake. the co. has hurdles to overcome..i'm not here to marry the stock - more to make a quick trade and capitalize on an oversold position with plenty of shorts...and like i said, at this price, there def. will be spec. about a takeover. and the co. is still very cash flow positive
i do have a position...i bought yesterday at prices between 4 and 4.15...i don't imagine the stock going much lower, as the lower it goes the more chance of a buyout...they're cash flow pos. and have implemented some different strategies which are supposedly paying off, but might take time...we're gonna see some weakness at the open, maybe from margin calls and general displeasure, but i'd buy more on weakness
Looking at your wide variety of posts you are a serious trader.
What's your take - you long on MWW? How do you see this play out - obviously you have a position if not an opinion?