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 recruiter Monster Worldwide
So what: Monster barely reached profitability, reporting net income of $501,000 or $0.00 per share in the fourth quarter, but it wasn’t enough for investors. Analysts had expected earnings of $0.07 per share, and earnings guidance of $0.01 to $0.04 failed to give the "wow" investors expected.
Now what: There were $9.8 million in charges related to the HotJobs acquisition, so earnings would have been better if we take out those charges. The company blamed weather in Europe and the Northeast U.S. as contributing factors for the weakness. Considering how easy it is for employers to hire workers without the help of Monster, I’m going to stay away from shares until the site is in a little more demand by employers.
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