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Monster Worldwide, Inc. Message Board

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  • Reply to

    Consolidated Leverage Ratio

    by salpleasego Apr 27, 2015 2:19 PM

    This will kill them - timmy and mark e mark said they based everything this year on single digit growth (something that hasn't happened for years) and based on Linkedin and Dice numbers I think we are in for continued high single digit and maybe low double digit negative growth.

    Last quarter they had 94M in cash and 211M in debt which left ~27M to borrow. The ratio is 2.75 in Q1/15 because of the restructure and I don't think the bank will call the note but they are going to restrict what the cash can be used for. They were going to burn 20M in cash in Q1 for the annihilate to decimate program so without grow it's going to hurt.

    100M in cash x 2.5 = 250M
    90M in cash x 2.5 = 225M
    80M in cash x 2.5 = 200M
    70M in cash x 2.5 = 175M

    So yes Sal made it so his program was the last hope and it's obvious it's not working which is why he is gone. Also the entire board is worried they won't win the vote - they are so stupid that they didn't stager the appoints - you know 2 years with half the board up each year. Sal and his people take the money and retire - timmy and mark e mark hold off the hounds while they retreat but they are gone soon as well.

    If you haven't left - why not?

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    You current Monster employees seem to show the real culture. Hit the man while he is down. Don't worry, you shouldn't hold out for your gold watch either because your ship is sinking and you rats are making just making noise as the water comes aboard.

    Sentiment: Strong Sell

  • Reply to

    LNKD Down

    by dejpuj8 Apr 30, 2015 4:25 PM

    These crooks can only over up their lack of innovation and strategic failure for so long by cutting heads and expenses - and pawning their assets and equity. It's a bleak future for Monster. If they killed it this quarter, Louse and Teddy would still be around. But all we seem to have left is Blowver, Shiates, and Lamecock to continue to kill it. And by kill it I mean kill shareholder value. They been off the to the races killing shareholder value for 7 years! And those seeming incompetent crooks still have jobs while they've released 1000's of employee - undoubtedly impacting people's lives while racketeering their own fiduciary crimes to large paydays. Even look at those press releases? I mean c'mon. That's insight? Didn't they used to do real research and that employment index? Whatever happened to that? Those idiots probably canned that team too. Crooks.

    Sentiment: Strong Sell

  • The reason the 1st quarter is such a big deal is because this is when HR departments spend the bulk of their money. If that buy the majority of their postings for bulk discounts, ATS subscriptions or any kind of major purchase, 1st quarter is when it usually happens because they get the new (fiscal or calendar) year budget. That being said...the turnover has been ugly over the past year. Due to the number of staffing firms popping up, several reps took their relationships to other companies. While the territories were open, the competitors were taking their business. Then you have the reps that are looking for jobs, they don't care about their territories, they just want to get out. And if you don't believe me, look at the reviews on Glassdoor for Monster vs Linkedin. This first quarter is going to be ugly.

  • Reply to

    LNKD Down

    by dejpuj8 Apr 30, 2015 4:25 PM

    So if Monster killed it like they said they might at the end of Q4 then they are gold and the sky's the limit. If they are down again - analyst say revenue at $187 avg - $184 on the low end and $189 on the high end - I would now bet it's less than $180 - closer to $175 given the weakness of the other companies.

    Dice was up 5% YoY - Linked in was only up 35% YoY to 638M - they grew $165M YoY which is almost an entire Monster. But they are down $5M QoQ which is the first time that has EVER happened so there is real weakness in Q1.

    My guess is it's the same song and dance they have done since 2008. Early indication on the new products are good - they are up 100% or some other made up number. They talk about the economic uncertainty - how they are ready when things turn and customers are into the products they are just waiting - giant pause across all customers.

    Or they killed and it's off to the races......what's your bet?

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    Did you create a profile just to talk to me. I am flattered. One person in the middle of nowhere Michigan. Sorry to intimidate you guys.

    Sentiment: Strong Sell

  • Dice misses, down 16%, LNKD down 20% on weak outlook....Monster reports next week...let's watch the trend continue.

    Sentiment: Strong Sell

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    Yeah, bro was fired...and like 4 months ago...sales people dont get layed off, they get fired because they cant sell.. and dejpuj8, you should check your info on reps hitting goals....

    Sentiment: Buy

  • Reply to

    8k

    by dejpuj8 Apr 29, 2015 11:54 AM

    What do you want to bet they don't give them access to the full 100 million. They are probably going to change midstream knowing that they are just throwing good money after bad.

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    have you watched Frozen?
    Let It Go, Let It Go....you hum it I'll sing it....

  • And they grew 5% YoY.

  • Reply to

    8k

    by dejpuj8 Apr 29, 2015 11:54 AM

    Not a lawyer but I think it's something along those lines - if they don't have enough board members - those left can vote. I would think the entire slate of directors is rejected or at least several of them - I think that's binding so those that remain can vote or appoint until the next shareholder vote.

    It's going to get real bumpy this year.

  • So am I reading this correctly. It seems the lender is a little concerned about the officers leaving after the loan was issued. Does this mean they can be cut off? Or do you think we have another office about to report their departure?

    Sentiment: Strong Sell

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    Follow me on the other boards. By the way, you need to review the Community Guidelines. I do like your response though. Shows that you cannot come up with anything to refute what I have said about the company and the business itself, which is what the investors are most interested in. I hope it makes you feel better though.

    Sentiment: Strong Sell

  • Across the board - generally they do better than Monster and the Q1 economy did slow so I think that's bad news. Linkedin reports tomorrow.

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    Hi Mike Spade! You weren't laid off, you were canned. Don't be bitter!

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    They already let me go. I am getting this from the disgruntled people that are still there. Yes, they do FIRE people like crazy. Management is on some disgraceful high. I was laid off. However, GLNC Acq team had three people FIRED within five months from a new manager hired on from sales. Get this. He came from CB, brought his clients over, was number one in the company, CB sued for the non-compete...AND WON the lawsuit. SO, these jokers make him a manager even though he knows nothing about sales. Out of a team of 8, he fires three, hires three, two of which leave within 6 months. So, net turnover of 5 out of a team of 8 in less than a year. So he leaves as well. And there were two levels of management that let this happen. Needless to say, most of the employees found out through social media. Between Twitter, Linkedin and Facebook, many employees found out about this trainwreck which just adds to the animosity toward Monster. Non of the employees are happy. All are looking for a way out. This company had no support or loyalty on the inside.

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    Dejpuj8 in 3 clicks, less than 30 seconds to find out your name. You need a new Yahoo ID if you are going talk #$%$ about Monster even in Michigan. :-) Trust me, all those crooks will fire your Tiger-loving #$%$ without thinking. Let us know what happens when HR calls.

    Sentiment: Strong Sell

  • Going to be a burden - 2.75 for Q1 but then 2.50 after that - so debt can only be 2.75x or 2.50x of cash on hand. That's why they only had $26.9M available in credit at the end of Q4 - using the 2.50 ratio. They got a reprieve in Q1 because of the write offs but if this thing doesn't grow it's going to put pressure on things for a long time.

    There is no money to buy stock there is no money to buy companies there is no money to do anything - even yet another restructure becomes hard to do unless they grow or they cut people like crazy. Of course there is plenty of money if you 'retire.'

    Looking at the board of directors they should all go as well - all except for 1 (who just joined) have been here through the entire reign of Sal so either he lied to them or he snowed them or they were in on it not being the economy and really being the competition. Any of those three look bad.

    Also I figured out what happened in Q3 of 2011 - Linkedin went public in Q2 so it started to eat Monster. If you look at the press around that time it's interesting - in Q2 Sal is all about how they are the competition and a lot of other nonsense. I know if he hadn't fired all the managers so he could put his people in this never would have happened - they ran paranoid all the time AOL/MSN/Careerbuilder was a huge mistake that they would never make again.

    It's not over - it's OVER!

  • Reply to

    Short Interest announced after close

    by salpleasego Apr 24, 2015 1:39 PM

    I am not sure. Last year before the initial launch of their new technology, they hired 100 sales reps. I think they overhired because they wanted to push some people out. They had sales reps with YEARS of relationships that were taken away to put them in "hunter" roles. The farmers that kept their clients were the *** kiissers. Right now they have about 40 field positions open due to people leaving. Imagine this, you have a territory of clients for 10 years, they take them away from you and then tell you to start from scratch and find all new. Oh, and you have no choice. The real issue is the Staffing vertical. They have reduced that team to 35 nationwide. Why would they do that when staffing agencies are booming? Needless to say the Talent Fusion Team is not doing well because they are understaffed and do not guarantee a placement if you buy their services. The model does not work when all the other agencies only get paid when a placement is made
    Here's the second issue.NO ONE knows what their quotas are. They give you a quarterly quota. HOWEVER, you get that number two to three weeks into the new quarter. Why do they do that? Because if you have a contract that pushes into the next quarter or you try to sandbag, they will add that big contract into your next quarter goal.
    Needless to say, the National Account Managers are not making any money. DOE your base is 85k to 90k. They lure you in with a total target comp of 185-195k. You're not going to make that. If you bust your tail, you may make 150k total. Most people on the Acquisition team have a annual goal around 250k. You're cost of revenue is not going to make that business profitable.
    Like I say, the money they were making was in the job postings. They do not make that much on technology. It is only a small portion of revenue. It's so stupid to replace your main product with one that is cheaper and had has lower volume but expect better results

    Sentiment: Strong Sell

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