I can say that I am a proud contributor to those reviews. Although I had to write three before Glassdoor finally accepted mine. I also make sure that I tag all the negative reviews as "helpful" so the bad ones float to the top based on ranking. Of course, that is a weekly activity of mine.
For the people I know that are still there, out of 49 in their division, 2 hit their goal. Granted, they may have jacked up the goals to unreasonable levels due to not wanting to pay commission, but it sounds like there were a lot of people that were way off. Many are spending more time looking for other opportunities rather than working. Several more have left, there are only a very few that I know that are hanging on.
The numbers are horrible. The regional manager for the GLNC in Minnesota just left, check Linkedin. We will see a decline of $100 million in revs this year. The turnover had been crazy.
Vendor Management Practices? #$%$? I guess it just happened to come up in the last month, but I have a feeling that if they had mentioned that during earnings it would have gone much lower. I can't stop shaking my head, these clowns make how much to create this mess.
That's the same thing they said about $5, $4 and $3. If 1st quarter numbers are as bad as they sound and they ramp up the buybacks with the $67 million they have left, we could see $1.99. Revenue declines have accelerated and they had two CFO's leave within the last 6 months. This is the end.
So you're holding onto your losses and about to double down to try to break even...not going to happen. Write this one off and move on. You can try to put as much positive spin on it as you want. When the top accountants jump ship, that should give you all the reasons to start using your head and jump ship as well. Just take your loss as a learning experience.
Funny,I remember when this was at 8, went down to 6 and people were loading. Then 5 then 4 then 3. Well, go ahead and load. I'll see you at 1
Like they said on the last conference call, they still have $65 million to buy back shares and they are going to accelerate the amount while it is at the historically low prices. I am not sure what they will do about the share price when that money is gone and it all gets diluted by the $100 million in senior convertible notes dilute the shares outstanding back to where they were, but I guess small pop might attract ignorant investors to buy worthless paper.
Well, when we were talking about a scam with the Symbol mafia...I thought we were joking...I am beginning to think you were serious this whole time and something serious is about to happen. I do remember attorneys trying to put together a class action lawsuit because Monster stopped giving the sales reps their Commission Guidelines/Schedule. In some states it is a law that this has to be presented and signed by the sales reps. However, I am beginning to sense that there is something much bigger going on.
Well Sal, I hate to say but when the two top accountants in the company, both of which played the CFO role, you know there is something really bad around the corner. When you know the numbers and feel the need to leave when you can. I mean, Michael was pretty young and it was his first CFO title with a major corporation you would think he would like to keep that title for a while. I think he doesn't want to be the one to break the bad news. The downward spiral will be accelerating.
Sal, I did not say that first quarter is the biggest REVENUE quarter, it is the TELLING QUARTER BECAUSE THAT IS WHEN THE BIG CONTRACTS ARE SIGNED. In the past, the larger corps will buy postings in the beginning of the year to take advantage of volume pricing. When you have several postings available, you have reps that can walk in and sell additional product throughout the year, keep the relationship for asset retention and there are other products that tie to the postings they can add on an upsell. IF a company does not do that, they are more susceptible to using the competition as well as doing less business throughout the year.
Sal, there is a reason no one on this board likes you. You arrogantly disagree with everyone no matter what side they are on. Rather than argue with everyone, try to find some areas you don't know (yes you don't know everything) and as questions rather than act like you know everything. That is probably why you don't have many friends outside of your mother.
That's very generous of you. Their losses are accelerating and their assets are declining. The turnover is horrible and job boards have become outdated. Also...they are talking recession. The telling quarter is always the first quarter because that is when the larger contracts for the year are signed. If the first quarter is bad and they are already concerned, I think that spells a lot of trouble. The technology is not renewing and the aggregator concept is cannibalizing their business. If they hit $150 million for the first quarter I would be shocked. However for the year...$500 million to $550 million. Their poor decisions last year will spill into this year. Their Indeed model will fail, their RPO model (the only one that does not GUARANTEE a placement) will fail and their Twitter product will fall because all the big corps know how to use social media. They have nothing that is cutting edge. Watch ADP, Paycor and Oracle take the ATS business as well. The slow bleed is now turning into a hemorrhage.
Just go to Glassdoor. When you sift through the fake reviews, all you see is people complaining about the high turnover. Take a look at the profiles in Linkedin, there are more people that used to work for Monster that currently work for Monster in all territories. As we can see the products are not selling and the technology subscriptions are not renewing.
On Oct 30 2015 he bought the same amount, 25,000 shares for an average price of $6.21. So he is down over 50% on his last buy. Remember, he has institutionals AND a creditor that has a lot of skin in the game. I am sure there are a few people breathing down his neck right now. Hence the reason why he bought the exact same number as last time. Unless, you think $6.21 is a bargain.