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What: Shares of job matchmaker Monster Worldwide (NYSE: MWW) are roaring higher today, enjoying gains of 24% at the high, on speculation that the company may try to sell itself.

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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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. 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.