Pulled it in so now it's the same day as Linkedin - maybe good news or maybe they hope it will get buried.
Looking at traffic stats on Alexa doesn't look good. It doesn't look for the older boards but does look good for some of the new ones especially social sites - linkedin was 12 - 14 but it's so high I didn't put it. I would say it's going to be a bad earnings season for the job sites that are public - even linkediin may struggle with sub 40% YoY growth rates.
Remember - high single digit bookings growth translates into mid single digit revenue growth - that is how we get to 35% EBITDA. The timinator said he would be unhappy if those were the results - apparently he's going to be so unhappy he's likely to retire within 12 months.
In the end the beverage company will buy the domain for 200 - 300m dollars so that's something.
Site Last Yr - Jan - Now ranking (lower = better)
Monster - 675 - 925 - 867 - WORSE
M UK - 6500 - 8750 - 8293 - WORSE
M DE - 7750 - 11000 - 9875 WORSE
M FR - 8000 - 13000 - 13737 - WORSE
M india - 2300 - 2850 - 2669 - WORSE
Careerbuilder - 950 - 1400 - 1609 - WORSE
Zip Recruiter - 4750 - 4500 - 3377 - BETTER
Indeed - 175 - 185 - 161 - BETTER
Glassdoor - 625 - 550 - 532 - BETTER
SImply hired - 1800 - 2500 - 2838 - WORSE
DICE - 3500 - 3750 - 4024 - WORSE
Did you read what I just said? Take the gains, that doesn't happen with every trade. It has been flat for the past 4 months so at this point the breakout is less likely. They have a Q coming up that could cause the stock to drop back down to where you bought it. Read my reply again.
Unless you believe in the company direction and management team the smart thing to do is sell. A 40% gain over less than a year is a good take and with the volatility of the stock you should have another opportunity to buy again at that price or better.
New management team
Clear direction - growth, services oriented, 35% EBITDA
Slow down in negative growth rate
Management says things are getting better
Company model is old and outdated compared to competition
Huge debt/convertible hanging over their head
Debt load pretty high for a company with shrinking revenue
Consistent negative revenue growth for years
Management is not new - just promoted from within - no new ideas
Brand no longer a leader Monster is associated with a beverage more than a job site
Pulling out of many countries (because of competition)
Category leader spends more than all of Monster revenue on R&D
Category leader gets more revenue than all of Monster with zero sales people (ecom)
Category leader will have 1 year 2014 of Monster revenue in Q4/2015
Category leader does more revenue outside of US than all of Monster
All competitors are gaining revenue except for Monster and maybe Careerbuilder
Traffic stats continue to decline
Stuck in austerity loop like Greece
Could go on an on look at zip recruiter or anybody else on Alexa - lots of growth - not so much for Monster or it's overseas sites.
You should have sold 4 months ago when it was $6.73. It has gone flat/down for the last 4 months. You can wait for the Q at the end of the month, but if the news is off by just a little, well you know what happened this time last year. I would hate to see it go to the 4's again and have you lose you gains when you got it at the low. Remember what Warren Buffet said "I've made a lot of money selling too soon:.
I read the post that was deleted in my mailbox. You have to say Monster, MWW or Monster Worldwide. When you refer to it as the web address, it will automatically be deleted. Anything that could deleted when it looks like it is in the form of a link.
I try but a lot of my stuff gets removed - I see it - then it says this thread has been deleted. Maybe I got some special characters or something in the data I was trying to post.
That surprises me. I have had posts removed from the employees at Monster that were harassing me. But that was because they violated community guidelines. I know that if you post a link, it is also automatically deleted. I think the competition has died out. Everyone knows there is not one positive thing they can post about this company. The other message boards I have been posting on is the same way. No one really has any kind of defense. They try to have my posts deleted, but that is all they can do. No one has an intelligent argument for this company.
Not a surprise - the new all the jobs for all the people has been in play for nearly a year now and revenue continues on the downward trend. New products and such creates fragmentation for the sales people and they lose focus. That's why even though Sal and his merry men have touted 100M in sales for MGS or the sick sense search or other products revenue has continued to fall. The core is rotten and hollow to the core and the fungus growing around it is almost out of wood.
Tim and Mark get paid on 35%+ EBITDA margins and the ONLY way they can get there now is with growth - 20% growth in Q3 means that the negative growth in Q2 was worse than expected. Why 5 years into the recovery do they suddenly think they have the magic ticket? They are worse than Sal because instead of taking the opportunity to blame it all on him they just took over and said we are heading in the right direction when all data that they have says otherwise.
Read the Q1 transcript especially Mark E Mark's comments - they are full of holes. 30% more recruiters engaged - but 11% revenue decline YoY so lower prices or lower deal volume? It's all garbage and they'll be sipping ice tea and listening to the doors on Sal's farm soon enough.
Several articles have made statements of the job listings for Monster going from 250,000 last year to 4 million this year. Basically what they did was take all their job boards and created and aggregate model that scrapes the postings from other sites. Similar to what Indeed does. This has NOTHING to do with increase in postings or job ad sales. Most people do not even know this is being done. Indeed is much better, so it hasn't really been a hot topic. Just keep in mind, they did not increase their posting business. Oh, and another goal producing rep left this month. You can check it out on linkedin for people that worked for Monster in the past in MN. Two years in a row hitting goal, not the territory is empty. Speaks volumes when even the good reps go.
Let's hear it - did your self/team/department/country make your number? Are we on track for high single digit revenue growth in Q3 that the management team promised and said they would be unhappy with!
Come on if things are better and looking up now is the time to crow about it!
We would have been good in Q2 if it weren't for the Greek thing causing all kinds of uncertainty with only our customers and nobody else.
Actually based on trending data Q2 should be down $25M (+/- $5M) and revenue down $5M (+/- $2.5M.)
If it's that then all that mumbo jumbo that the team is talking is just that mumbo jumbo. If it's worse well it's worse and if it's better it doesn't make a trend (although they will try their hardest to make it appear so.)
Quarter deferred revenue (gaap)
Q4 2011 358.2 234.8
Q1 2012 386.6 246.1
Q2 2012 353.6 224.6
Q3 2012 332.7 220.8
Q4 2012 351.5 212.2
Q1 2013 356.5 212
Q2 2013 329.5 200.1
Q3 2013 315.6 196.8
Q4 2013 342.2 198.7
Q1 2014 341.9 198.1
Q2 2014 315.8 194.4
Q3 2014 281 191.2
Q4 2014 300.7 186.2
Q1 2015 303.5 183.7
Q1-2 2012 - d down 33M, r down 21.5
Q1-2 2013 - d down 27M, r down 11.9
Q1-2 2014 - d down 26.1M, r down 3.7
Linkedin nearly spends an entire Monster on R&D every quarter - 165M last quarter. Linkedin revenue outside of the US is bigger than ALL of Monster. Linkedin gets more revenue from the web site with no sales people than ALL of Monster. Linked will do more revenue in Q4 of 2015 than Monster will do in the entire 2015 year. Linkedin will do 2x Monster's all time high - which by the way was the year Sal did his hostile take over. Linked has nearly an entire Monster in employee stock costs - they are spreading the wealth - they aren't just over paying the CEO and C level staff - they didn't get their shareholder vote on exec comp rejected 2 years in a row.
Think about that - Monster doesn't even have an R&D line break out. Yes Monster has 'developers' but that's different than product and R&D. Beknown I think was the closest thing to R&D that Monster has done and look at how well that went. Monster buys companies but that's not the same either and it's taken a bath - $500M lost on Hotjobs and China.....and now there is no money.
You can't catch someone that is that far ahead and spending that much to stay ahead. Sal and team thought they were in the lead and would always be in the lead. Linkedin doesn't think that or they wouldn't be spending that kind of money. Coulda Woulda Shoulda or as the doors say - this is the end and it's Sal, Tim, Lise, Mark e Mark's only friend.
athoughtj, I assume you work there. So, I assume you know about things that are not good for business. Things that will not promote expansion. What is the turnover like? Has it gone down? How many sales reps internally and externally are hitting their goals? How many layoffs? How much longer do you think operations in the UK are going to last? Nikos Livadas is featured in the SeeMore video on youtube and was NA Sales Director, why did he leave if the technology is doing so well? Also, Salpleasego is correct. The revenues have been declining year of year and the number of employees have been declining year over year...all while the competition has seen an increase in both...what is keeping you so optimistic?
So did AOL, Blackberry and others. It's never going to come back it's just going to continue to slide down. The 30m short shares think it's going to happen a bit quicker though - time will tell.
They have no money left to fix anything and they still don't admit anything is wrong.