Why Monster Worldwide Investors Got Scared

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 Monster Worldwide (NYSE: MWW  ) plunged today by as much as 14% after the company reported earnings and investors got scared when CEO Sal Iannuzzi said there wasn't much interest from potential buyers.

So what: Revenue in the fourth quarter was $211 million, which resulted in a GAAP net loss per share of $0.05. On an adjusted basis, the company posted earnings per share of $0.08. All of these figures were mostly in line with expectations. The real kicker came on the conference call.

Now what: Iannuzzi said that there weren't very many potential buyers for Monster. The company said it had hired financial advisors to explore a possible sale nearly a year ago as its business was suffering at the hands of professional social networking sites like LinkedIn. Iannuzzi admitted that interest was "slower" than anticipated and that he couldn't guarantee that anything was on the table. Some of its lesser operations in developing markets also don't appeal to suitors.

Interested in more info on Monster Worldwide? Add it to your watchlist by clicking here.

2013 and beyond
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2243138, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:53:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,333.77 -5.47 -0.03%
S&P 500 2,167.93 -3.44 -0.16%
NASD 5,312.55 -6.00 -0.11%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 9:34 AM
MWW $3.56 Down +0.00 +0.00%
Monster Worldwide CAPS Rating: **
LNKD $192.31 Up +0.02 +0.01%
LinkedIn CAPS Rating: ***