End of 2013 to Q3 2014
Cash $88.5M - $80.4M - down $8.1M
Account Recv $332.7M - $262.4M - down $70.3M
Deferred Rev $342.2M - $281.0M - down $61.2M
Long Term Debt $125.9M - $190.6M - increase $64.7M
The hole is getting bigger across the board. Expect a New Restructure and Pivot/Plan to try and buy some more time.
Unemployment at lows not seen since before the 2008 crash - jobs being added - all the other job sites growing for years - it's TOO LATE FOLKS!
Unless Tim a CFO by trade can execute the plan created by a CFO by trade it's going to go down. Marketing, Management, Product, Internet - whatever we got game changing plans in motion!
Have a good weekend.
Sal 'quits' for personal reasons and the board, which he happens to be the chairman of, decides to consider it a 'termination without cause?' So he gets all the money and shares because of that plus they add in $2M, $20K for tax advice, car service, and medical benefits until he is eligible for medicare because that makes sense. A 'common' man being paid millions of dollars for no real reason also needs a car service and medical bills covered? Basically you screwed this up so bad we know you can't get a job and you have 5 years till official retirement.
If I were a shareholder I would sue but that's just me. That's not a golden parachute that's platinum covered with diamonds.
You destroy $7B and walk away with Millions - Monster is right there is a better job out there - too bad none of us will have any soon.
This is truly incredible. What a joke made by (still) public company. The biggest mates of Sal, fully co-responsible for all the past and current failures are appointed to run this monster up. What a failure, again! These guys know so little about the industry where Monster was a great player many years ago. Current management team in US and Europe should recognize own responsibility of loosers for killing MWW and should leave very fast.
Bring some real Sourcing Talents industry experts and knowledgable management aboard. Stop current management disaster to continue!
Sentiment: Strong Sell
Shareholders for 7 years watched their investment die as this guy fed his own pockets. He killed a great company. They roll out look alike products already on the market, no innovation.
numbers were not too bad. certainly not as bad as you predicted. Company is trying to turn the corner. Suppose next 12 months will tell. Not sure which countries are being shredded? No news of pulling out of markets for quite a while. Will we get a bump if we see a new CEO coming in over the next few months?