I hope you wrote a review on Glassdoor. I was let go this year. Pretty much everyone on my team took time to write a bad one. I think they are close in the rankings as one of the worst companies to work for.
Not for long. This quarter is the biggest one of the year.This is when companies spend the bulk of their budget for the big ticket items. You think revs were down YOY this quarter, next quarter will be worse. Not only that, but any bad news on the loan, and this will drop like a rock. Shorts will be happy to know, there are a lot of employees that have already dumped the stock in their 401k's. Several are looking to leave. Also, to give you an idea of how stupid management really is, I know two people that got other jobs, but never resigned from Monster. Because the field works remote, they just make up their daily activity and make time for the two mandatory conference calls. If they have any meetings with management, they just use vacation time. Management doesn't realize that a team of 8 does about as much work as a team of one. No one is out working right now, all are looking for plan B. It's only a matter of time.
Well, they are having the conference call before the market opens. Maybe they actually have some good news. I don't know how. GLNC did terrible.
Are you saying Ted G. left as well? I did not see an 8k. Where did you get the info? It's really bad if Sal, Lise and Ted leaves within 6 months of each other. Like beyond repair bad.
Salpleasego you are missing something. In 2006 they were one of the top 20 websites visited on the worldwide web. THEY DIDN"T HAVE TO PROSPECT OR SELL. All they did was sit around and wait for the phone to ring. Now those sales reps were promoted to management. I was there, they don't know how to prospect. None of them have business plans. They don't have anything set up for pipeline cadence...there's a sales staff of nothing. Not to mention the people that have been selling job postings for YEARS and now that they have new technology, they are finding they don't know how to sell software. The managers are getting frustrated, they don't know what to do, so they are just getting nasty with the sales staff. SO, they hired Acquisition teams. The team in my region had a total of 8 reps. Three were fired within 5 months of the new manager taking over. He hired three reps, two left within 6 months. A turnover of 5 (that didn't do any business, but still got paid) out of 8. So, what did the manager do? He left as well. The entire sales team is one big train wreck. They don't know how to prospect, and they received no guidance from management. Read the reviews on Glassdoor. I have a feeling that they will make the top 10 list as the "worst companies to work for".
So am I reading this correctly. It seems the lender is a little concerned about the officers leaving after the loan was issued. Does this mean they can be cut off? Or do you think we have another office about to report their departure?
Sentiment: Strong Sell
What do you want to bet they don't give them access to the full 100 million. They are probably going to change midstream knowing that they are just throwing good money after bad.
The reason the 1st quarter is such a big deal is because this is when HR departments spend the bulk of their money. If that buy the majority of their postings for bulk discounts, ATS subscriptions or any kind of major purchase, 1st quarter is when it usually happens because they get the new (fiscal or calendar) year budget. That being said...the turnover has been ugly over the past year. Due to the number of staffing firms popping up, several reps took their relationships to other companies. While the territories were open, the competitors were taking their business. Then you have the reps that are looking for jobs, they don't care about their territories, they just want to get out. And if you don't believe me, look at the reviews on Glassdoor for Monster vs Linkedin. This first quarter is going to be ugly.
Wow, 46 sells by insiders in the last 12 months. They must know something. Here' s the latest form 4's from the insiders in the know: James Langrock, Mark Stoever, Lise Poulus and Michael McGuinness. If the insiders are selling at the rate they have been over the last 12 months, that is definitely a bad sign.
Compared to their income, it isn't a great sum. They don't have to sell. I mean if they thought it was going to 10 or even 8. Ever since they put the For Sale sign up at $10.00 per share, which NOBODY bought, they have been consistently selling. They know they are not worth 10, after Thursday, won't be worth 5.
Oops, it's the top 10 MOST SHORTED SMALL CAP TECH stocks. Oh well, at least they are good at something. Seeing that there is a large number of small cap tech stocks, doesn't look like the smart money has a lot of faith.
I remember sitting in a GTM meeting at this time last year and management crying about how poor 1st quarter revenues where and how things need to improve if they are going to survive. Fast forward to this year, and the revenues are worse. The revenues have declined year after year, quarter after quarter all while recruiting has INCREASED year after year, quarter after quarter. Think about it, if a construction company saw their revenues decline during the housing boom, would you have said they are on the right track? Linkedin revs were up, staffing agencies are getting more business...why not Monster? Because all they are hanging onto is their name. EPS doesn't matter when they have Sr Convertible notes that will be diluting the stock at $5 per share. What they need is revenues. The decline in revenues shows, they are losing the battle to the competition. Now you have to ask yourself, how many more quarters of revenue declines can they have until they find the need to cease operations?
They keep bragging about their new technology that is just groundbreaking. Well...when did they develop all of this great technology? DURING THE GREAT RECESSION. All of this was build and tested around the time of the greatest unemployment in the history of this country since the Great Depression. All of it worked well when it was tested because it was easy. Anything would have worked. However, this is no longer the case. But don't take my word for it, take Nikos, the Director of sales for North America. He was in the SeeMore video Monster put together. He has a fantastic part in the video and he even posted it on his linkedin profile. However, as you can see, Mr Livadas LEFT Monster to go to a small 150 person software company that started just a couple years ago. I guess he didn't believe in that TECHNOLOGY that will push Monster to the next level.So if a director walks away from it after promoting it, you know it will fail.
Lies, lies and more lies. So you just happened to jump into a stock at it's bottom when it was tanking because you just thought it was a good deal and now you are up 45%. I love it when these brilliant Buffett's just claim to jump in at the right time when there is no reason to buy and magically they are up! Let me guess, you also have a pet unicorn.
Wow, you completely missed that one. NO KIDDING THEY SHOULD BE DOING BETTER WHEN UNEMPLOYMENT IS LOW!!! That is what we have been saying! As you can see, over the last five years the revenue has gone DOWN when they should be doing better. When your brain wakes up go through my post again. Like it mentions on the video, the manager from Novo Nordisk told the story of using Monster SeeMore technology. His example was an expansion that had 727 openings, 5554 candidates in the pipeline before the jobs posted, 472 candidates qualified using SeeMore, 127 hired. A 98% fill rate for an expansion using 3 recruiters over the course of 2 weeks...IN 2010! Do you think that software could get those kind of results in today's employment market? Back then anything could work to fill jobs. There were 300 people applying for every opening! So,they tested the technology when everything was working. Do they get those results for recruiters now? NO! So Mr Genius, Like you say, they should do better when unemployment is low, not high...so why have their revenues continued to fall year after year? Make sure you google Monster SeeMore Recruitment ROI for the video.
I'm sorry to hear that. You nailed it! They remind employees all the time that they have a database of 70 million resumes and they can find a replacement at a moments notice. For a company that brags about helping people find their next opportunity they treat their own employees like they are about to be damned.