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?
98% of the shares are held by institutions. Meaning that the average shareholder cannot move the price. The top 10 institutions hold over half the shares. Check out the option contracts that expire in December. I have been watching them and someone has placed a HUGE bullish call spread in place. They have bought 2000 (100 shares per contract) contracts at the $5.00 strike and sold 2000 contracts at the $9.00 strike. So they want the 5's to be in the money and the 9's to expire worthless in December. An individual investor would not set up a bullish call spread that would be that large. Only an institution that knows they can control the share price going forward. If you see the 5's start to close out, that means news will be so bad even and institution slapping the ask on several 100 share blocks throughout the day can't move it. If there is no selling, the price will stay over five for the rest of the year.
Sentiment: Strong Sell
Yet something else they scrap because it is not working. Well...FIX IT! Even if it was not cost effective, it was still a revenue source. They have been paring down so many revenue streams they will slowly shrink into extinction. They are just looking for a profitable company right now so they can keep their jobs. This is just temporary because their competitors are EXPANDING. This is a market that you expand your business, not shrink it. As I mentioned, as the revenues fall, they will become nothing but a small niche company that will be looking to sell off the parts that are still turning a profit at the end. They can no longer compete.
Funny, I thought someone wrote a reply. Oh well, I guess get_a_life_salpleasego once again violated community guidelines. Amazing how he consistently breaks the rules. Maybe that is why he is a good employee for Monster...constant rule breaker full of lies.
As crazy as it sounds, I think we will start to rise. The Q should be coming out around Aug 3rd. Usually this is a bad quarter for business. 1st quarter is when they spend the most money and renew contracts. So it is a little more challenging to get proposals past purchasing. Seeing that they were down YOY by 14 million in the first quarter, I thinking they could be down by more this quarter. There has be a LOT of turnover. Also, they have been following up on layoffs. As I mentioned, those that have their jobs, are spending more time looking for a job than working. Needless to say productivity is WAY down. It was this time last year they had their big product launch...that failed. Many of the big clients that tried the new technology from last year are not renewing. The next two quarters should be absolutely horrible.
You would think that corporations would learn from the mistake of the other big names that failed. Oh well, I guess when your ego is that big...well it can never happen to you.
Oh and once again you violate community guidelines. Let's see how long before your comment is deleted. And you are wrong about field sales being up this quarter.
You nailed it! One of the biggest complaints of Monster from both a seeker and employers. The employers don't like the fact that ANYONE can apply for the positions. If they require and education, they do not want their posting to be visible to anyone without an education. On the seeker side, if they want a base salary, they do not want to be carpet bombed by all the 1099 positions. You can't set any controls. You would think that would be simple with all their great technology. Oh that's right, they would have to LISTEN to the customer rather than coming up with ideas that they think are brilliant.
That's funny. I could have sworn that someone replied to my comment. Oh well, I guess they were deleted because they were too stupid to follow community guidelines and harass posters rather than having something intelligent to say.
People don't believe me, but I know for a fact that this year will be the biggest year for a decline in revenues. They WILL be shutting down more operations and YES when that finally hits, the irate shareholders that realize they have been screwed will press charges. Who are those shareholders? 98% are institutionals. Right now they are being SNOWED big time. They keep looking at the facts rather than what is happening. Great, a healing job market that should be huge for Monster! Well, I have five more sales reps in my network that left last month for other jobs. ALL of them are thankful because the atmosphere is horrible. Everyone is looking for other jobs right now. We all know how productive they are. A company can only do as well as their employees produce. I still know two field reps that have other jobs but still fake their daily activity for the base salary. NO ONE is trying to move this company forward. IT IS DEAD. Once the institutionals get wind of this, you will see announcements for the class action lawsuits.
Oh no! could it be another violation of community guidelines? Enough with the personal attacks, you know it is against the rules...we'll see how long you post stays up. Contacting Yahoo now.
And what is really funny is that the BLS just announced that there is 5.4 million job openings. That is more openings than has ever been recorded by the BLS. They started back in 2000, and in 15 years, they have never had more than there are today. Monster should be flooded with inbound calls for job postings...but wait, they don't have the ROI they once had. If revenues keep declining while the number one product, postings, cannot bring in some cash...the party is over.
Three times the number of short shares at this time last year. Looks like it will be only downhill from here. This short situation will not be improving for Monster anytime soon.
Good grief you even included CRM. Benioff is known as one of the highest paid CEO's in proportion to revenues...and he is actually building something. I really don't understand how those clowns pulled off this robbery. There is no hope now. How are they going to find someone that they expect so much more out of, but will have to pay so much less. I think the decline is going to start accelerating. Look out below!
Thank you. I appreciate your kind words. Working for Monster and networking with the other sales reps I found that they are in a horrible position. They will learn very soon that when you treat employees poorly, you will go down no matter what brilliant product line you think you have. Every sales professional knows, you don't have to have the best product, you just have to beat the other sales rep. It's hard to believe in a company when you know they do not believe in you.
Sentiment: Strong Sell
They are really desperate. Did you see the Zacks article. Do you know how much a company has to pay to have that kind of fluff written. There was no substance in that article at all. On top of that, they had to pay for a 3 rating which is nothing but a "hold". Good grief...pay money just for a "hold"
They can't toss Sal under the bus. Because they didn't fire him he'll come back an sue for defamation. That's what is so funny, they do layoffs, terminations and micromanaging the little people that are looking for an escape, but only the shareholders were able to hold Sal's feet to the fire. He alone destroyed jobs and opportunity. Then, he gets away with millions and no claw-backs. I guess we can look on the bright side, he will more than likely retire and pull his worthless self out of the workplace. As for Monster, there is no saving it at this point. Revenues are going to start depleting at a more rapid pace due to the layoffs and turnover. I would imagine that we will see a drop of close to 100 million YOY. We have already seen 14 Mil drop. And first quarter is the best quarter for Monster.
Funny, I thought someone replied to my comment. Oh well, I guess Yahoo deleted it for violating community guidelines. Maybe they will try again.
Sentiment: Strong Sell