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.
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
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.
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 $1.99. Revenue declines have accelerated and they had two CFO's leave within the last 6 months. This is the end.
Vendor Management Practices? #$%$? 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.
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.
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.
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.
Looks like the institutionals are getting out while they can. The 13F looks horrible. Net liquidation of 6 million shares last quarter. This will be under a buck by next earnings.
Return to the share holders? The stock is at the lowest it has ever been since they were listed. Have you looked at the declining stock price over the years? Nothing has been returned to the shareholders but poor performance.
They have nothing that Google or Facebook would want. They may be interested in Indeed, CB, Dice or Linkedin, but Monster has nothing that anyone would want. All they have are renewals that are slowly going away. But, feel free to buy as many shares as you want, the institutionals are unloading at a fast pace.