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Monster Worldwide, Inc. Message Board

salpleasego 48 posts  |  Last Activity: Jul 28, 2014 11:30 AM Member since: Jan 27, 2012
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  • salpleasego by salpleasego Jun 11, 2014 4:56 PM Flag

    First the shareholders rejected executive pay but the board doesn't have to follow the non binding vote. They accepted the bonus plan because it's never going to happen - it didn't in 2013!

    In 2013 they fail to get ANY bonus because they didn't meet the criteria so what do they do, they reward them for the long term restructure plan which is essential required because management has been messed up for almost a decade now?

    Next they base the executive compensation plan on the following companies which average - AVERAGE $16B in market cap or 32x more than Monster. Yes they put two dogs in there but still - really? You are going to compare what you pay Sal to a company like Yahoo that has been profitable forever! You are going to compare it to Priceline that has 64B in market cap - Netflix - really?

    How can Treacy spend time in jail and these people not?

    Numbers are in billions of market cap - Monster is 0.5

    Adobe 33
    Akamai 10
    Conversant 1.7
    Dun Bradstreet 3.8
    Earthlink 0.4
    Equifax 8.7
    Expedia 9.9
    IAC 5.7
    NetFlix 25.8
    Orbits 0.9
    Paychex 14.9
    Priceline 64.5
    Salesforce 32.7
    United Online 0.1
    Verisign 6.8
    Yahoo 36.9
    Average 16

  • salpleasego by salpleasego Jun 4, 2014 5:00 PM Flag

    When Sal took over the company was worth about $6.2B (market cap) and it had about $700M in cash and securities with no debt. Today it's worth $500M give or take and it's in debt - yes it can borrow a little more on it's credit line - but it's in debt after repurchasing $600M in stock and spending $600M on companies. So the company did 'earn' $600M under his watch - but he spent it.

    That's a 93% loss in market cap in less than 10 years - who does that and keeps their job - who? Would Sal sit back and let someone do that - maybe?

    The company was still growing when he took over, it was THE MARKET LEADER!

    How do you show up to work everyday and believe in anything with leadership like that - how?

  • salpleasego by salpleasego Jul 1, 2014 8:07 AM Flag

    Has been raised - really a flag - how ........

    The final pump has begun and the rapture is near.

  • salpleasego by salpleasego May 1, 2014 12:00 PM Flag

    To quarter after quarter say - we think we are starting to see a turn around. To say things are picking up. To say don't look at GAAP or real numbers use the numbers that I like which exclude all the mistakes and over compensation that I make. The team is shocked by the decline when nobody else is - the only reason the stock was so high was they were buying like crazy at nearly $8 this quarter. I hope Blackrock sold out before the most recent correction.

    Linkedin isn't having problems in EU - they already make more than 2x what Monster does a quarter and they are still growing at 40+%. Plus they have 5,000 people versus 4,000 people - with 2x the revenue and growth.

    Marbles - it's time to go to the farm - seriously. The board really needs to put him, his wonderful team out of their misery.

  • Way to go marbles! Way to go.

  • That's the only reason it was up - down 7% YoY - it's OVER!

  • salpleasego by salpleasego May 1, 2014 4:18 PM Flag

    As stated - I think Linkedin is overpriced but they did kill it again.

    NON US REVENUE - $188.3m almost all of monster overseas - it's not the economy it's Monster. They grew EU revenue $43M this quarter - come on.

    They will do 2B in revenue this year almost 3x Monster who won't do 800M.

    Time to take old yeller out of the game y'all.

  • Reply to

    $658.1M - Going out on a limb here

    by salpleasego May 1, 2014 10:20 PM
    salpleasego salpleasego May 2, 2014 1:35 PM Flag

    Over $600M

    ChinaHR - $225, Hotjobs - $225, Trovix $72.5, Affinity Labs $61M, and the latest two are $27M it looks like.

    I'm sure there are others but those are the big ones that come to mind. So he could have bought the company twice - he likes it that much!

    This is one of those cases where doing nothing would have been better - I'm not sure you could hire anyone to screw it up like he and the team has!

    But the mysterious presentation later this month will make it clear and all this pain will go away. I'll be in the audience that day and I'll update everyone afterwards :)

  • Sal could have bought the entire company. He is potentially the only person that thinks the stock is worth anything. I think we would be at $1.xx and close to delisting. Last quarter purchase was at $7.88 a share - the definition of stupid is doing the same thing over and over and over and over and over again and expecting different results.

    2014 - $39.8
    2013 - $100.7
    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

  • salpleasego by salpleasego Jun 3, 2014 1:17 PM Flag

    So with the sun setting on the last days of Sal's reign can someone provide information about what is going on inside the castle? The stock isn't moving so he isn't buying (or buying enough?) The short interest has dropped 2M or 20% in about a month which should be a good sign but with the stock price on the continued decline it doesn't add up. Mixed messages - nobody on the outside really sure what's going on? Someone in the know let us know about the final days of the worst CEO in the history of business and his friends.

    Jobs data for April was off the hook, can't keep blaming the economy. The weather was bad in Q1 but that's now over. What excuses are left?

  • salpleasego by salpleasego Jun 19, 2014 1:39 PM Flag

    The market cap was 2.0B at the start of 2011. I can understand blaming the previous team for things before then but by 2011 Sal and team were fully in control for 5 years. Since 2011 Sal has spent $254M on stock repurchase even though the market cap is down 75% to ~500M. With 200M in debt and the last ditch NEW project I just don't see it making it.

    The all jobs piece is going to lower revenue as people figure out I can post it for $20 somewhere else or even free and monster will scrape it and post it on their site. Why would I pay monster $150 - $300 to post a job? They have already seen a large increase in posted jobs to the site but didn't see an increase in revenue. Q4 to Q1 has seen several years with a slight sequential rise - it doesn't translate into a sustained growth story.

    The economy has been on the heal for years now - the number of job opening is back to pre crash levels but Monsters revenue is 1/2 what it was. The market has shifted and it ain't coming back y'all. Revenue will be down in Q2 and that will hurt the stock - it will be down in Q3 and that will kill the stock and then Sal and his team will be gone before the end of the year. That will cause a rise in the stock for a while but in the end it's over - OVER no matter who is in charge now. $200M in debt - a stock that nobody but Sal wants to buy. What a waste.

  • Reply to

    surrender flag

    by salpleasego Jul 1, 2014 8:07 AM
    salpleasego salpleasego Jul 1, 2014 3:41 PM Flag

    Monster doesn't have a good track record of getting people to use their new tools or technology.
    Affinity Labs, Trovix search, hotjobs, etc. $360M with no real increase in revenue?

    Even ones it's created like Beknown that went absolutely nowhere.

    Monster's problem is they are too expensive for what they deliver - the competition has been under cutting their price just like they under cut the newspapers. Because they have refused to lower pricing they have naturally lost customers - this doesn't change with their new model - in fact it's worse because I'll be able to post elsewhere for cheaper and still end up on Monster?

    $395 to post a single job - $135 per job if I post 100 or more - really? Want it bolded - yes BOLDED that's $199 per job. Access to the lame resume database - ehk.

    Case in point - linkedin - list price for jobs is cheaper than Monster - guess what more revenue.

    But it's not just that Linkedin figured out how to get more revenue with other products as well including the job seeker - Monster never figured that out.

    Linkedin tapped into the passive market - I want to always be available and looking for the next job but I don't want to make it obvious to my employer - linkedin does that - Monster doesn't and isn't in the new model - big miss. When someone looses their job they change their linkedin status first, they don't post their resume on Monster - that takes time - I have to update it.

    Faith is lost in management because they were never marketing or HR people - they were bean counters that worked for Motorolla????? They had the mechanics of being a CEO or whatever but not the passion or the business experience - they just thought - how hard could it be.

    The overhead costs are just to high with Monster - linkedin has less people and 2.5x more revenue and growth. They are a web 1.0 company in a post 2.0 world. It's OVER.

  • Reply to

    surrender flag

    by salpleasego Jul 1, 2014 8:07 AM
    salpleasego salpleasego Jul 1, 2014 3:59 PM Flag

    Also price is why they are loosing in Europe.

    UK - $640 Monster ($295 Linkedin)
    France = $948 ($195 linkedin)

    hmm guess why Linkedin has seen 40% - 100%+ growth in Europe through the worst economic conditions that Sal and team have ever seen in Europe? Linkedin has more revenue in Europe than Monster has in the US? Linkedin has more revenue in the US than Monster has all together.

    It's not the economy it's Sal and team not knowing what the bleep they are doing.

  • Reply to

    Run up?

    by salpleasego May 12, 2014 1:05 PM
    salpleasego salpleasego May 12, 2014 1:50 PM Flag

    Nope Sal is buying again - new high water mark!

  • Reply to

    Q2 Results

    by this_guy_in_the_know Jun 30, 2014 10:27 AM
    salpleasego salpleasego Jul 1, 2014 4:30 PM Flag

    A 'normal' company will buy back shares when they have nothing 'better' to do with their money. In general the company is stable, usually growing slightly but not great and the bills are covered.

    Monster isn't normal - revenue is shrinking - normally a company hoards cash in these cases but instead Monster is buying something that they know is loosing value. That's not normal.

    The EPS numbers are all over the board because of the way they do the accounting - Sal doesn't use GAAP numbers he uses something else. There are all kinds of one time charges, write offs, etc.

    He's selling profitable and unprofitable parts of the business (china and Korea for example) and using the money to buy other companies that then implode (Yahoo/hotjobs where's that 225m?) You don't double, triple, quintiple down on a bet that is loosing money. He has thrown $600+ million at the stock and it's still down.

    In the end they are now $200M in debt ($100M in cash) and loosing money hand over fist and oh yeah they have $8M a quarter in stock compensation costs ($0.08) because you know Sal's got to eat.

  • You've got 25% less shares but the stock price is still going down. If you factor that in it's a steady march down except for the 'sale' notice that went out.

    Bookings were down QoQ and YoY this quarter which means it's even harder to turn the ship - I expect best case to be flat QoQ and down YoY but if trends continue it's more likely in the 5-10% down YoY and down sequentially.

    I expect a big drop with this quarter announcement and a HUGE drop in Q3 if they haven't turned it around. I mean after 5 restructures and $1.2B spent you would think there would be something of value.

    The next real bump in the share price is when Sal and his horrible team are all fired. I think we could see a nearly 100% increase in the stock price with that announcement maybe more. I would expect that to happen now just after or with the Q3 announcement.

    In the last year he's only been able to get hold the line or maybe an uptick if he spends $40M a quarter but the money is almost out so that's gotta stop.

    Right now you have $100M in cash, $200M in debt and only $100M in a credit line. I think even the board is going to stop him before he burns through all that but I think he can spend at least another $40M plus before that........which puts the financials in dangerous position.

    Sal....Please....Go.......and take your worthless friends with you.

    Q2 2014 6.46 ($5.59 today)
    Q1 2014 7.22
    $40M repurchase (5M @ $7.88)

    Q4 2013 5.22
    $46M repurchase (8.2M @ $5.63)

    Q3 2013 4.90
    $37.2M repurchase (8M @ $4.64)

    Q2 2013 4.93
    $23M repurchase (4.4M @ $5.35)

    Q1 2013 5.49

    Q4 2012 6.30
    Q3 2012 7.41
    $7M repurchase (1.1M @ $6.16)

    Q2 2012 8.54
    $25.6M repurchase (3M @ $8.48)
    gonna sell bump continues then starts to fade

    Q1 2012 8.18 
    $33.3M repurchase (4.4M @ $7.58)
    gonna sell bump starts March 22nd 

    Q4 2011 8.08
    $42.0M repurchase (5.5M @ $7.60)

    Q3 2011 10.11
    Q2 2011 15.42
    Q1 2011 18.20

  • salpleasego by salpleasego Jul 9, 2014 10:41 PM Flag

    Remember that - why did they stop posting it.......?

    Well in 2008 it was around 160 and by 2012 it was.......160. So even though it was back to pre crash level or as mumbles says "macro economic something or nother" Monster was nearly 1/2 the revenue it had. Monster liked to say it no longer reflected the "market" for job boards as things have changed but I don't think so. That $800M in lost revenue went to Indeed, Dice, CareerBuilder and oh yeah Linkedin.

    The big lie is just that a lie - it isn't the economic environment - it's that monster didn't change and someone under priced it in both the US and EU and it lost market share - as simple as that.

    The rapture is near - it's not over - it's OVER!

    Spell check please.

  • Reply to

    Q2 Results

    by this_guy_in_the_know Jun 30, 2014 10:27 AM
    salpleasego salpleasego Jul 2, 2014 1:23 PM Flag

    You listened, read carefully, and took the time to correct my spelling - thanks!

  • salpleasego by salpleasego Jul 16, 2014 9:27 AM Flag

    Alright - let's hear them.

    Short interest was down which could be a good sign?

  • Short interest higher than in the last 2 months......$190m?

    Settlement Date Short Interest Avg Daily Share Volume Days To Cover
    7/15/2014 8,450,379 1,299,624 6.502172
    6/30/2014 7,802,732 1,275,572 6.117046
    6/13/2014 8,358,157 1,734,361 4.819156
    5/30/2014 7,963,012 1,412,148 5.638936
    5/15/2014 8,247,155 3,104,330 2.656662
    4/30/2014 9,633,409 984,491 9.785167

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