Barron’s Likes MNST |
 |
October 22nd, 2007 -- by Joel Cheesman
Might be a mistake to sell any Monster Worldwide stock you currently hold. Or it may be a good time to buy. So says Barron’s via Blogging Stocks.com:
But it looks like the bad news is baked into the stock already. Keep in mind that Monster trades about 20 times the projected profits for 2008. Additionally, Monster has been building out its global footprint, such as in Europe and Asia. And there are no shortage of buyout suitors, like Google, News Corp. (NYSE: NWS), and Microsoft Corp. (NASDAQ: MSFT).
God, how long have we speculated on Monster being gobbled-up? It will most likely happen, especially considering the new CEO’s job cutting, but who?
Google? I’ll quit blogging if it happens. Well, OK, maybe not, but you get the idea. News Corp? They’re already pretty deep in like with Simply Hired. Microsoft? Wouldn’t that be a mess? IAC may be the best fit.
It’ll be fun to watch either way.
Interestingly, the article notes the job board owns 44.4 percent of ChinaHR.com, the country’s No. 2 job site. Learn something everyday. If only I was on the company’s PR list ….
