Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of online job-search maven Monster Worldwide
So what: The Fed just reported another rise in unemployment claims, which is horrible news for placement services in this ultra-tight job market. The pain is shared with other job finders -- both LinkedIn
Now what: Sector-wide effects notwithstanding, Monster has suffered more than anyone else in the sector -- so far in 2011, the stock is down by more than 67% and still trades at 170 times trailing earnings. If the company can turn things around before this job market kills it, Monster becomes a very exciting bounce play -- and the balance sheet is still in decent shape. But maybe we should wait before taking the Monster plunge, lest we'd catch a falling knife long before hitting the ground floor.
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