Wed, Dec 17, 2014, 5:29 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Monster Worldwide, Inc. Message Board

salpleasego 545 posts  |  Last Activity: Dec 11, 2014 8:02 AM Member since: Jan 27, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Meltdown

    by b.collins97 Dec 10, 2014 8:31 PM
    salpleasego salpleasego Dec 11, 2014 8:02 AM Flag

    Bernie Madoff in the news - don't think it can't happen to you. Safe those emails and texts they may come in handy - just ask Myron. The first person to turn gets the best deal or if you get a terminal disease like Andy you might not have to do time.

    His finance guy (Tim in our case) went down, his admin assistant (Lise in our case) went down, even his tech guy (Matt in our case) got years plus they had to pay back their earnings and bonuses - you know the ones that you already spent.

    Save that data.....Sal said do it - that's not going to work in court - if it was wrong and you had a reasonable understanding that it was you are guilty.

  • Reply to

    Meltdown

    by b.collins97 Dec 10, 2014 8:31 PM
    salpleasego salpleasego Dec 10, 2014 9:24 PM Flag

    Here is some food for thought - keep all the emails and communication you have because this thing is going to unravel pretty quick. When did Sal and Tim and the Board and others know this thing was going down in flames? The convertible opened up a whole big can of worms - did they know it wasn't going to recover? Sophisticated investors have sophisticated lawyers and some people might end up in a perp walk....if you don't believe that ask Jim Treacy if he ever thought it was going to happen.

    The bank might call the note if the stock heads lower and that burns up all the cash. They can't issue any shares to cover and they have nothing to sell. This could end up in bankruptcy much faster than you would think and class action lawsuits could tie up things for years. The only thing they can do is cut as many positions as possible and try to pay off the creditors before it craters to much.

    For the love of salads get out while you still can. It's just like the hunt for the red october where the captain takes off all the safeties (Chairman + CEO = same person, fire all the people that knew anything, etc.) and blows himself and the ship up. The only difference is you will be out of a job and Sal will have $20M that he made over the years and his friends will all have $5-10M that they made over the years. Unless the government and/or creditors have a case that Sal and team knew it was doomed.......say around Q3 of 2011 when Darko left? Plus Sal has free health care till medicare kicks in (really with all the money he has) - just like you can't blame this mess on me you can't blame that on obama!

    I'm taking the rest of the year off - see you next year.

  • Reply to

    Q4

    by this_guy_in_the_know Dec 2, 2014 9:18 AM
    salpleasego salpleasego Dec 10, 2014 10:36 AM Flag

    As far as GAAP goes it's already a miss. They have to take a hit of $10M +/- for Sal's shares that vested when he wasn't fired for cause. They now report the adjusted EBITDA as the official number which is the normal EBITDA plus stock compensation so they'll say they made the number but the real number is loss which puts them at a loss again this year.

    Stock compensation is about 10% of Market Cap so you have to pay cash for that or dilute. You also have Capex expenditures and interest and other stuff so really there is no money and if the revenue continues to decline it gets bad real fast.

    If you take net cash it went from a negative 102M to a negative 120.2M so a negative 18.2M in a year - that's not a cash machine that's and ATM machine that Sal and his buddies have all the cards to. They also pumped the 'increased' credit line but that shrank from 126.8 to 80.5 in a year as well - another lie. This is also why they didn't buy and shares last quarter - they simply don't have the money even though they have an authorization for another $40+M.

    If they don't knock it out of the park in Q4 they will never recover and 2015 will be the year of 1,000 or 2,000 cuts - literally - get it! Short interest doubled in the last month - even as the stock price has continued to fall - the street took their money and are already dividing up the carcass.

    Too bad that storm was a bit north otherwise it would have been another good excuse.

  • salpleasego by salpleasego Dec 9, 2014 8:19 PM Flag

    Over 17M - all time high percentage wise.

  • salpleasego by salpleasego Dec 9, 2014 2:31 PM Flag

    More good news!

    4.8 million job openings in October - highest level since 2001 - more opening should equal more revenue unless you are consistently losing market share.

    Part-time employment down from 9,000 (2010/2011) to less than 7,000 Oct 2014.

    Hiring rate up to 3.5% compared to 2.75% in 2009 - more hires per month with more openings mean more revenue for job sites.

    Quit rate up to 2% from 1.25% means more people are quitting to take other jobs - again more job openings for job sites unless you are losing market share.

    Record low lay off in 2013 - all signs point to tightening labor market which helps job sites.

    Unemployment below 6% - no one all the sites are growing 20-40% YoY - it's a no brainer unless you aren't growing?

    I only know of 1 company that has consistently been contracting since 2008 (except for a slight bump when it bought Hotjobs.)

  • salpleasego by salpleasego Dec 8, 2014 2:18 PM Flag

    Stockexposee?

    The sales boys already showed their hand - they ain't making the number - Wed we will know - that's when short interested is posted again. This_guy_in_the_know - what's your call on that one?

  • Reply to

    Record growth

    by salpleasego Dec 5, 2014 8:25 AM
    salpleasego salpleasego Dec 6, 2014 9:27 PM Flag

    Sales is a large part of the problem - instead of allowing ecom to grow the sales people have kept it down because it means less quota and margin. Linked in sells more online than all of Monster combined - the industry has moved that way and it's another missed opportunity for Monster. It doesn't take a rep for most of what monster sells. A new leadership doesn't change any of that stuff - you are complaining because you aren't making your number. The quota per rep is lower than it's been since 2008! You have more sales people - sal invested in 2011 and this year than ever - yet you haven't made the number.

    On the other side you can't win. You are selling land lines in a wireless world, you are selling myspace when people buy facebook, you are selling windows xp when people are buying apple, you are selling dilaup AOL when everybody has faster internet access on their phone, you are selling Monster when people are buying Dice and Linkedin.

    Sal thought the stock was undervalued at $15 in 2011 and when he couldn't understand why revenue slowed in 2011 he blamed the economy and bought as much stock as he could. Linkedin in got big in 2011 enough to impact Monster and has had no problems growing in the US or overseas EVER.

    The grass is greener - your grass is only green because it's astro turf which isn't real just like Sal and teams management skills. Leave while it's on your terms because the cuts are coming and they are going to be far more severe than anything in Monster's history.

    In the new economy and internet age you can't dismiss the competition and bury your head like Sal has done. You have to adapt or your dead....monster hasn't adapted. I'm sorry but it wasn't my fault.

  • Reply to

    Record growth

    by salpleasego Dec 5, 2014 8:25 AM
    salpleasego salpleasego Dec 6, 2014 2:09 PM Flag

    I'll help you out since you sound like you work in sales and aren't that bright. Sal is still the chairman and that out ranks the CEO - he is still in charge for now. The company has $200M in debt and the stock reach all time lows last quarter - if Monster had any money it would have bought its own stock - the company is more than broke it's in debt and revenue keeps declining.

    To answer your questions - yes I do the best I can everyday and night for the company I work for. The company I work for has been profitable and growing for many years now. I have never worked for Sal, I have never met the man, I have never worked in finance or accounting, I don't work for Monster nor do I own any stock. Sales people blame everybody else when they don't make their number but when they do make their number they thank no one. In the end being a sales person is the simplest job in the work - you make the number or you don't and for a very long time now the sales team has not made the number.

    I'm thankful for the company and people I work with - they are great. You and the people you work with waste your time reading this message board and hating the one voice that has called out Sal's lies and tried to make the company a better place even though I don't work there. I have tried to help the people that do work there - I've told them to sell shares and pocket the money. If you listened to me the company would be in a much better position and Sal would be gone. I've even been nice about it and asked him to please go.

    Hate Sal - he and he alone killed this company. He made all the bad decisions. Yes the grass is greener and has been for pretty much every company the last few years except for Monster. Check the stock market, unemployment rate, etc. Pretty much everywhere it's greener.

  • salpleasego by salpleasego Dec 5, 2014 8:25 AM Flag

    All over the news the last month or so. Unemployment continues to drop and the number of jobs created this year is the highest since 1999! Companies that use Monster must be in some weird places that don't get the news because S&T (Sal and Tim) keep blaming the macro/micro/marble economics?

    You think Sal or Tim will be perp walked like Treacy? I know Tim has been trying to retire for years but Sal talked him into taking the top spot to buy time. It's like watching a drug or gambling addict and Tim is an enabler. I think the board will investigate all the slush funds that Sal had to save their own skin - we were in the dark Sal lied to us and such.

    Based on Linked in having 2x the revenue per employee while growing 45% YoY on a much bigger number than Monster I think the next clean up management team is going to have to cut 2,000 jobs. Use that savings to pay off the debt and invest in some real marketing and product in a last hurray!

    Short Interest is reported next week - I think that will continue to rise - it's already close to historic levels since the number of shares was reduced by Sal's need to buy as many shares as he could.

    Linked in will do all of Monster's revenue for 2015 in Q4 of 2015 - an entire Monster in 1 quarter!. They will do 2x the all time peak revenue monster did next year - almost $3B in revenue. It's amazing how much revenue focusing on $150K+ jobs can create and the passive candidate - check Sal's famous wall street journal interview on the subject.

    The blame team is already meeting. Best idea this quarter is the holidays falling on Thursday - historically that is the worst possible day to have the holiday. That means Wed nobody works, Thursday is the holiday and Friday nobody works for the last 2 weeks of the year. You know historically Monster gets a large percentage of it's revenue in the last two weeks of the quarter. If you don't close a deal in the next two weeks you won't close it this year! It's OVER!!!

  • Reply to

    Q4

    by this_guy_in_the_know Dec 2, 2014 9:18 AM
    salpleasego salpleasego Dec 2, 2014 12:59 PM Flag

    Hard to say, they have stopped reporting on any metric they can.

    These are the differences Q3 to Q4 during the reign of no salads.
    2013 up 2M
    2012 down 9M
    2011 up 2M
    2010 down 13M
    2009 down 1M
    2008 down 42M
    2007 up 15M

    It has generally been up or flat 1 year and then down 10M the other, at least for the last several years. That is what the trend data would suggest.

  • Reply to

    Q4

    by this_guy_in_the_know Dec 2, 2014 9:18 AM
    salpleasego salpleasego Dec 2, 2014 12:37 PM Flag

    test

  • salpleasego by salpleasego Dec 1, 2014 9:03 AM Flag

    Q3 2014

    Revenue 568M vs 191M (~3x)
    People 6442 vs 4067 (58% more)
    Rev per person $88K vs $47K (87% more)
    Adj. EBITDA $151M vs $23M (6.5x)
    US Rev $343 vs $109 (3.1x)
    EMA $140, APAC $49, Other America $37 = $226 vs $67 (3.4x)
    Online Ecom Sales $227 vs $??? (No sales people sell more than all of monster)
    Premium Sub (Jobseeker) $114M vs $0 (more than half a monster)
    Cash - $2114 vs $80 (26.4x) (enough to buy monster almost 6 times)
    Debt - $0 vs $200M (Sal just loves to buy shares and companies he can't afford)

    Growth YoY $175M vs #$%$6M (Linked in grew almost an entire Monster)

    Linkedin growing 45% - faster overseas with Monster continuing to shrink and faster overseas. It's not the economy it's the product and Monster has no money left to push the new product.

    It's been almost a year with TalentBin and Goziak and no increase in revenue - there may be a bump in the 4th Q but there usually is - it's not a turning point. TalentBin was a pipe dream - the guys that created it just said who's the biggest - Linkedin - let's create an app that 'kills' them. It doesn't, it hasn't and it won't - do you really want to hire someone that posts all day on twitter and other social media? Yes there are likely a few good people but most will say something that makes you not want to hire them. You still need the 'resume' piece and that's on Linkedin?

    Sal should have spent our hard earned money and energy on creating a 'passive' product like Linkedin where 'resumes' are updated on line and searchable. They are also peer reviewed so they tend to be far more accurate than anything else.

    What a waste - bail why you can - and NO Linkedin and nobody else is going to buy Monster the brand isn't even worth anything anymore - Sal and team dumped all over that.

    See you at the delisting party and bankruptcy court!

  • salpleasego by salpleasego Nov 26, 2014 9:16 AM Flag

    1) Sell all RSU's that have vested and any stock owned in MWW (options will all be underwater kiss those goodbye.)

    2) Double check 401k to make sure I have nothing going to MWW and transfer anything I do have in MWW to anything else including bonds as they would be worth more.

    3) Create Linkedin account if I don't already have one. Turn off broadcasts on my account, Block everybody that works at Monster so they don't see my updates or new links (can turn this off and celebrate once I get a new job.)

    4) Update the Linkedin profile - don't play up Monster job but do put in things that make it look like I was working hard even though the company was tanking.

    5) Update my resume and create a good cover letter that I can quickly modify for each job so it looks personal.

    6) Check out Dice and Indeed for jobs since they seem to be doing well - in addition to jobs on Linkedin.

    7) Start losing weight now, get my hair cut, buy new interview clothes (don't forget shoes - very important), practice the difficult questions - like #$%$ did you stay at Monster? What the heck happened at Monster?

    8) Start applying now for jobs - don't wait till the new year - you need to get a jump on the 5,000 employees that are also looking from our company.

    9) Keep up appearances at work - show up on time - stay the full day - try to avoid interviews during the day or long lunches - if need be schedule days off and do multiple interviews. You don't want to lose this job before you get the next one. Smile - be positive - etc.

  • Reply to

    Short Interest out tomorrow

    by salpleasego Nov 24, 2014 1:56 PM
    salpleasego salpleasego Nov 26, 2014 7:18 AM Flag

    Oh snap Mr non executive chairman who resigned and was technically fired without cause so he could get all of his cash and prizes and medical insurance!

    The street has spoken and it says this thing is DEAD and/or OVER!

    All the data I have seen backs that up!

    Settlement Date Short Interest Avg Daily Share Volume Days To Cover
    11/14/2014 15,392,411 2,389,792 6.440900
    10/31/2014 12,481,566 3,241,426 3.850640
    10/15/2014 8,838,553 835,852 10.574304

  • salpleasego by salpleasego Nov 25, 2014 1:17 PM Flag

    I think that might be the plan - they all exit for "not cause" and cash out before the thing hits zero.

    Alexa site ranking - year ago - now - % diff

    Monster.com - 650 - 900 (-38%)
    Monster.ca - 14500 - 18000 (-24%)
    Monster.co.uk - 7000 - 8500 (-21%)
    Monsterindia.com - 1750 - 2750 (-57%)
    Monster.fr - 9000 - 14000 (-55%)
    Monster.de - 7000 - 13000 (-85%)

    Indeed.com - 190 - 180 (+5%)
    Indeed.ca - 30000 - 20000 (+50%)
    Indeed.co.uk - 3000 - 2000 (+50%)

    Would seem like the traffic numbers should be going up if you want to increase revenue and since you increase the number of jobs and such. TalentBin redirects to a monster URL so you would think it would help the numbers. Time to pull the platinum and diamond rip cord I guess.

  • salpleasego by salpleasego Nov 25, 2014 1:08 PM Flag

    Does the message board work today?

  • salpleasego by salpleasego Nov 24, 2014 4:30 PM Flag

    So also looks like Sal got all his shares as part of the Platinum and Diamond parachute?

    1,243,098 shares sold to cover the taxes on the remaining 2,211,288 @ $4.17 on the 4th?

    That's $14M in dilution - yeah!

    As part of the 'exit' strategery plan I think the rest of the symbol people will be allowed to semi retire 'without cause' so they can take their shares as well before the thing tanks to zero. They will likely get their medical and severance as well - awesome!

    I heard a funny the other day that made me think - someone said "Monster, I think my grand parents used that to get a job." Kinda sums it all up doesn't - your parents would be one thing but your grand parents - awe!

  • salpleasego by salpleasego Nov 24, 2014 1:56 PM Flag

    After the close - predictions?

  • Reply to

    So now what?

    by this_guy_in_the_know Nov 20, 2014 12:45 PM
    salpleasego salpleasego Nov 21, 2014 1:48 PM Flag

    Monster was $370M in revenue per quarter with core revenue, if you believe Sal and team there is now $75M or so a quarter in new revenue which means the core is 1/4 to 1/3 what it was in the hay day. As myspace, AOL and others have seen it's hard to turn especially when you are number 4 in the space. Linkedin, Indeed and Careerbuilder are all bigger than Monster in the US and overseas where they compete. They are all growing 10-40% YoY and Monster is trying to copy them in ways not really doing anything new. That's is a hard hump to get over and turn around.

    That's the bet - we can turn this thing around and this new product offering will grow the business. If this thing doesn't grow it dies - too much debt - too much cost - etc.

  • Reply to

    So now what?

    by this_guy_in_the_know Nov 20, 2014 12:45 PM
    salpleasego salpleasego Nov 21, 2014 1:19 PM Flag

    You wait and hope, there really isn't anything else to do.

    Sal and team are out, they will transition all the people out over the next 12 months and the search for a replacement CEO has already started.

    Sal thought of himself and his team as professional managers. The company had already gone through that phase with Hans and Bill and others. Yes there was an option problem but it wasn't material, it didn't cost the company any real dollars just restated prior years - the exact same argument that Sal and pumpers made with China being sold off.

    Sal and team looked inward and tried to run the company like real managers do. Let's move the call centers, let's drive these or those metrics. They assumed the business would just run and grow like it always did. When the economy tanked they said don't worry about it we will position ourselves to grow when it's over. They did that but Linkedin and Indeed changed the game so just when things were returning to 'normal' in 2011 the rug was pulled out. Sal and team missed all of that and continued to blame the economy. Then they thought we will sell it but that didn't work as the revenue continued to deteriorate. Now they have done a hail mary plan. In the mean time they purchased a few companies and bought lots of stock because that is what the text book tells professional managers to do. The fine print says if you are losing market share you shouldn't do this but professional managers can't be bothered with small print.

MWW
4.36+0.21(+5.06%)Dec 17 4:04 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.