Or they know the stock price will be supported by $75 million set to buy back shares over 2 years. After 4th quarter numbers, you better believe they will be buying with the bulk of that money. If I knew there was a $75 million investor, take the loss now and as you know...wash sale rule...go short in January.
That is what they did before. Remember when they were doing those share buybacks when the stock was over $5 per share. They did that until they needed a loan and could issue convertible debt at $5 per share.So, buy high and take out a loan so you can issue the shares you bought back...lower than what you bought them for. Oh, and pay 18 million just to get the loan.
Nice to see you're back. Your information is always top notch. Anyone can see by your posts that this is a horrible investment in a horrible company. Why else would the CFO leave? No one knows the numbers better than him. If he is gone, everyone else will follow. I had over 50 connections on Linkedin when I was working for Monster...7 are left at the company. All of the rest left. They help companies "find better". Unfortunately, they cannot find anyone for their own stupid company.
Well, I hope you didn't get bit by that bad drop off of earnings. If the Max Pain theory works AGAIN, the price should be at 7 by the third friday of this month, but drop to 5 for December expiration. Now that they have 75 million that they can spend on buying shares, it should be interesting to see what price point they will try to maintain. Although if the revs continue to decline like they have, nothing will save them next year. And yes, I picked up a nice gain on my Puts. Will probably buy again beginning of December, trade out, and then pick up more before the 4th quarter earnings.
The CFO left the company. You know, the one that looks at all their numbers. Oh, and the CEO left the company this time last year...Oh and three other executives left the company this year. You got a quick pop at 6.05, take your quick hit and RRRRUUUUUUNNN!!!!
Yes, transparency. Like "hey, the CFO that has all the numbers just left the company". DOOOMMMMED. They will use the 75 million to buy back enough shares to keep a target price. However, having the LOWEST quarter of revenues ever...I don't think the new Monster is working well at all. Out of business by the end of next year.
Since 4th quarter 2014 numbers they kept on talking about "increase in bookings"...well we are now THREE quarters later and revenues are still decreasing. LIES ALL LIES. This company is on a death spiral. The tipping point is here. Next quarter revs are going to be worse. As I said in January...revs will decrease by $100 million this year. IF 4th quarter revs are $138 million... I will be spot on. BOOOOM BABY!
Revenues are down AFTER the big product launch and after the aggregator format. The 75 million they are using for a buyback is probably so they can all liquidate their positions before this goes to zero. 500,000 shares will be dumped by the CFO and I am sure they were part of the 9 million shares traded today. 167 million is the LOWEST quarter they have EVER had...even though there are more open positions in this country than has ever been recorded, AND the launch of the new products that have had OVER a year to penetrate the market. THE CFO KNOWS THE NUMBERS! IF he is leaving...this one is DONE!
167 Million in revs...that is with the new products and the aggregator. WOW, guess the subscriptions are not renewing after all. That is the lowest quarter in revs they have seen in years. I guess when you lay off $22 million worth of employees over the year, the profits go up, but they have NOT had a YOY increase in revs for quite some time. I know I was kidding earlier this year when I said that they would see revs decline by 100 million this year, but if they don't do over 138 million in the 4th quarter...I will be SPOT ON!
First...your IP address.
Second, I have told people several times I am more than happy to share what went down. My manager, was sued by CareerBuilder for noncompete violation, fired three people on his new team, so he could bring three of his buddies from CareerBuilder. This was over the course of 5 months. End result...6 weeks after the third termination, he left for another position. ALL THREE that he hired LEFT within 6 months. So, do you REALLY think it was the reps or MAYBE it was not just the stupid manager but the senior managers that did nothing because they thought the CB employees would bring business over without being caught. THEY WILL DO ANYTHING FOR REVENUES EVEN IF IT MORALLY THE WRONG THING...so I will bash this till the bitter end!
That's all they have. Bengie has been using that "Let It Go" song from that cartoon for about a year now. I guess he thinks that is a good put down. He needs to write some new material. Just do what I do, when he responds just flag it for violating community guidelines and they will delete it. IF you look at all his past posts he has nothing of any substance. Hopefully he has been watching the Disney channel and found a new cartoon that he can use to put you down.
November will be a game changer, Yes, it is up 15% over the 5 day chart, but i just recovered from the losses from the September 17 drop. The anticipation is for the earnings from the third quarter. They did the huge product launch second quarter last year. So all the new technology has been out there for a year. Because it is on a subscription basis, we should be able to tell if clients are happy, or did not find the ROI by the renewals and cancellations. If the renewals look solid, they the revenues should follow. But, if the products are not as well received, the revs will dip and we will see sub 5 by the end of the year.
In the SA article it was mentioned that Monster has bought several call options to protect against the conversion. Is there a reason that they would not have to submit a Form 4 for that?
I still think it will be under 5 by December. Still going by the Max Pain theory. 2500 calls at the 5 strike...we should see five or below. That's just how the options have been running. However, this next reporting is going to be huge. They had their big "New" product launch in April of last year. Now all the sales of the new products are coming up for renewal. If we continue to see revs decline, I really don't know how they are going to reverse the trend. The 85 million sale will get them above 200 for a quarter (although that was not the way anyone was expecting to achieve that number). If the revenues keep falling, I don't know how that Zacks article can support the price tripling.
It seems to me that they need the cash. As I remember they did not just get $100 million right away. I believe there were conditions to the loan and there was a time period with benchmarks. Obviously the revenues have continued to fall, they will continue now that another revenue stream is gone. I wonder if daddy was about to cut off their allowance. I guess that 85 million will now give them their 200 million quarter they have been talking about. But whittling away at the revs is not helping. 85 million is a terrible deal. Should have been at least 10 more million. But I guess you can't negotiate when you are in the "beggars can't be choosers" mode.