Monster (wiki - search - ticker) stock has dipped into the teens today.
Time will tell where this ends up for Monster. On one hand, whispers in the industry point to a buyout if the stock dips to around $15.
However, one Wall Street insider, who asked to remain nameless, said MNST is “in the worst possible place as a stock,” underscoring a buyout price of around $3 billion based on their current equity position would be very unlikely. The source went on to say the stock should continue its free-fall into the teens.
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Joel Cheesman - who has written 1303 posts on Cheezhead.
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July 1st, 2008 at 10:16 pm
Lotsa stocks likely headed for multi-year lows in the coming months. Monster at least has real earnings v. many other big names that are essentially insolvent. A P/E of near 20 is still high for a mature company- but not off the hook.
July 3rd, 2008 at 6:59 pm
I was a little surprised to see monsters stock go up… when this is a time when you’d think that companies would be posting less jobs. Fewer job postings should result in lower earning… shouldn’t it? How ever earnings could be up do to other advertising revenues. But good for them.
July 14th, 2008 at 12:05 pm
I noticed that they hardly ever advertise anymore. When was the last time anyone has seen a Monster.com commercial? I see Careerbuilder ads all over the place and they are even the exclusive job search engine on my IPhone. When will THEY go public?