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What: Shares of job matchmaker Monster Worldwide
So what: This speculation has some legs to it, since the comments came directly from management today. At an investor conference, CEO Sal Iannuzzi said that the board and management are "pursuing all strategic alternatives to increase shareholder value."
Now what: Those words are certainly a tad vague, but "pursuing strategic alternatives" is a common euphemism for "We want to sell the company." Ianuzzi also added, "Our shareholders deserve a better return," and that he considers the company undervalued compared to rivals. He did say that Monster is not interested in making acquisitions, and would return any excess cash to shareholders through stock repurchases.
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