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: It's almost Halloween, and Monster Worldwide
So What: Our 9.6% national unemployment has had investors running away from jobs-advertiser Monster. But rather than report frightening results, the company's now telling us all is well, and that this year's revenue could come in 8% higher than Wall Street had forecast.
Now What: Citigroup upgraded the shares in response to the news, for good reason. After buying HotJobs from Yahoo!
That said, Monster is still unprofitable, and it trades today for nearly 49 times free cash flow. If I owned the shares today, I'd be counting my good fortune, pocketing my profits -- and waiting for a better price to re-up.
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Fool contributor Rich Smith owns shares of Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.