The market (Wall Street) knows the deal hence no movement in the stock even though the company just got $85M in free cash. It's going to cut a couple million from the quarterly numbers of course.
I think next quarter they do another restructure to try and buy time, cut another 7-14% and offer another catchy title program.
Yes it's a win. The sold the first 49% at $90M and then they sell the controlling 51% at $85M......everything they touch goes down in value. It buys them time as you said but that's about it. They will squander it no doubt. They will also use it to hide another poor quarter, it's like Sal never left. None of these people are C level execs but they are paid like superstars what a crock.
They were scared of the convert and this would have gone a long way to cover it. Now if the convert isn't going to happen the question is what do they do with the money. It will likely help cover up another bad quarter and buy them some time. Tim has mentioned several times that he would like to buy more shares but I think that would be a bad move based on history. It's another dilemma, pay off the debt (not related to the convert) and risk another convert next quarter. This is a win for the team though because the Korea deal was WAY more than it was worth.
He erases every company he works for - Lycos remember that - nope - Monster remember that - the beverage company - or the cable rip off company - yea like the drink not the cables.
Blackberry would be an obvious choice.
Yahoo they are still around but I'm sure he could speed the decline.
I would agree, instead of going after the market leader and where all the money is going they chose to go after indeed. If you look at Alexa, Indeed has increased about 25% during the year and Monster has stayed about the same. They both had a drop off in Q4 of last year which Indeed as overcome and Monster has not.
Indeed has turned the core Monster product into a commodity and that's why Monster is losing. We will have a new management team in the next year or so there is no way they get 205 to 210 in revenue in the next 3 quarters. It's been a year since Sal left and the numbers have gotten worse, Sal knew the gig was up and he jumped and left his stoogies to take the fall.
Enjoy the pizza while it lasts the lack of feed traffic from Yahoo is affecting the numbers this quarter. Expect the decline to continue and be greater than last year.
I think Tim and Steve may not finish out the year.
I believe the comment was the rise was based on fundamentals which is not true. The rise is based on trying to make the convert happen. The stock will tank at the end of the month or when the convert won't happen which might be any day now. It may rise at the end of any given quarter in an attempt to make the convert happen, as time goes on that is less likely because the return is lower.
I've read the board and believe SPG was right about most of the things he said.
Hmm... I thought the stock was supposed to drop hard if the convert DID happen, due to dilution. If it doesn't happen, the can is kicked down the road, to the next quarter.
Hope is not a strategy.
If the new plan was working Alexa would show an increase in traffic, that still might translate into more revenue but if the traffic ain't up, neither is the revenue.
Since you are a 'serious' trader, tell us why you are going long, other than hope and the vague believe that revenue will turn around despite any data supporting it.
Most options expire, that has nothing to do with the stock price. The convert happens at 6.93 that is the price that both sides will fight for until one side wins.
Looks like the Max Pain theory worked again. Thousands of calls at the 7 and 8 strike price are now worthless. All the puts below 7 are gone as well. Only a handful of calls made it this month. On the December, Will those 2000 $5's be next?