If you believe you should sell everything and buy MWW - but in the end nothing has changed - it will march back down after the first of the year. Nobody can explain the run up except those manipulating the market or Sal spending his $90M as fast as he gets it. Call me names and whatever - you'll be quiet soon.
I want Monster to be successful, I want it to be the market leader/killer that it once was. I want it to have lots of high paying jobs in MA and elsewhere.
I want Sal to leave because he has ruined all of that. Now that's not to say that the previous leaders didn't make mistakes and couldn't have done better but they were still growing the company and helping everyone at the company to eat well. Sal is only really helping himself and a few people around him and he has tanked the company. It's hard to imagine anyone doing worse - he's spent $600M on stock (average price in the $20's) - he's bought $500M in companies - and he's paid himself 2.5M+ in stock and over $20M.
I would like Sal to go and I'm nice about it by saying please.
So it's true - you really don't care anything about this company long term or believe in it long term - you just get in and out and make your 10+% - SMART, very smart.....cause long term it's OVER!
Sal already bought them - that's the run up - he's borrowing AGAIN & MORE! Even if he spent none of the Korean money they would still be $100M in debt! In the end it's OVER.
Ok - down 'slightly'
11/15/2013 12,450,040 3,243,095 3.838938
10/31/2013 12,788,627 1,298,141 9.851493
10/15/2013 14,075,670 3,458,600 4.069759
9/30/2013 14,457,519 1,937,348 7.462531
9/13/2013 14,726,317 3,049,851 4.828537
8/30/2013 14,829,717 2,451,275 6.049797
Exclusive deal was for 3 years after the $225M purchase of Hotjobs does anybody know when exactly that end date is and what the terms of the new deal are (or if it is cancelled?)
The only thing that makes sense is Sal is rapidly spending the $80M he got from the Koreans. He can keep it this way for another Month at current rates.
But without the $80M sale we will still be below $800M in revenue for the year - decline of 10%+ YoY (more in EU and less in the US) with no plan, no future, just the hope that eventually someone will buy this thing and put them out of their misery.......
With the short interest moving down this thing should be way higher if there was any real interest - I wouldn't be surprised if Black Rock and others get out after making a buck or two per share with Sal buying it yet again.
The last time we were at $800M in revenue was 2004 - Sal has now wasted a decade.
If I were like the pumpers on this site here is what I would post.
Do you think the recent run up and accumulation is related to the jobdiva lawsuit and that it might have merit? People loading up for the short - smart play Blackrock - smart - should send this stock up (I'm not a bot.)
Or hey Darko sold the company he went to and cashed out $10M in process in addition to the $4M he made exercising his options with Monster. Any truth to the rumor that he is coming back as a consultant to help Sal sell this thing?
$578M spent on stock repurchase since Sal took over.....hmmm stupid is as stupid does.
2013 - $60.7 (so far expect this to be closer to $100M by year end.)
2012 - $65.6
2011 - $42.0
2010 - $0 (best investment Sal ever made)
2009 - $4.6
2008 - $128.2
2007 - $262.5
2006 - $14.7
Giving Sal money is like giving a fat kid cake - it's going to be crumbs in no time. If he invested this in US treasuries at least there would have been some return - plus the stock would be worth a lot more since he'd be sitting on a pile of cash. They should have paid a dividend - with the 50% cut of taxes (~30% corp, ~20% personal) it still would have put almost $300m in shareholders pockets. Instead the stock is down 93% so really it's just wasted money.
This thing is going to $10 and beyond - you just wait!
It does loose money it's 100m in debt and the 100m sal just got he is going to spend on more stock. He has bought 500m so far you know the definition of stupid right. 8m a quarter in stock comp expense it only makes money when you use the non gaap numbers. Keep thumping your chest you'll be out of a job soon and sal will be on his farm.
Like I said - nothing new here - you guys jump in every time this thing bumps but then you go away when it drifts back down. Revenue down 11% YoY - no end to that in site. Sal bought a little time to buy yet more shares but in the end it keeps going down.
If the 11% trend continues they will be under $800M in revenue for the year and might be below $700M next year. Sure it'll pop a dollar here and there but since Sal has taken over the stock price has declined.
As they say this pop will pass - it always does.
Now if Blackrock takes an active position to bump Sal off you might, MIGHT have a chance to save this thing.
Until we see real revenue growth nothing has changed.
Enjoy your moment.
I don't think they'll save it but they should be demanding a new board or at least a few seats on the board and the ousting of Sal and his friends any day now.
YoY down 11% come on it's OVER.
Keep dreaming.....all of wall street and the rest of the world don't value it anywhere near that....just because some Koreans fat with cash (Samsung and such) doesn't change the fact that this thing is going under.
I'm here - trouble with yahoo today.
Have fun - take the gains but nothing has changed. Sal found a sucker to give him money to buy time but nothing has changed - revenue still going down - not making a profit - no plan - thinks the company is undervalued - etc. etc. etc.
Already heading back down - long run still going to zero. Any money he gets he will buy stock and then give it to him and his friends.........he's bought $70M this year and still the stock is down.
Enjoy the moment it won't last.
Lot's of excuses but in the end still going down.
Economic issues in US/EU.
Government shutdown - MGS hurt.
Obamacare - move to part time people.
Even competitors having issues.
I agree that lnkd in is over priced but the street pays for growth and pounds for decline. Dice is seeing that as they didn't grow this quarter - although they have been for the last few years. If the others are starting to see economic headwinds that they haven't seen for years than Monster is going to get pounded. As long as growth is in decline, it's stock will as well.
So Dice is revenue neutral YoY, Linkedin only grew 55% YoY, what do you think that means for Monster who has been decreasing at 10+% YoY. Either they are taking market share back - extremely unlikely - or they are going to report worse earnings than expected and downward guidance for the rest of the year like the other players. Going to crush the stock and likely why Sal and team wanted to get paid early and big yet again. We all scream at the outlandish stock grants but they (his friends) make a million or more a year in cash, bonus, and the living expenses in MA - since NY is where all their homes are. They should be paid for performance which would be a base salary of $200K give or take and $0 bonus for the last 6 years instead it's millions and millions and stock and stock. Good to be a fat king.