Shares of Monster Worldwide (MWW) popped over 10% after their quarterly release on Thursday November 7. However, while this quarter did show some signs of stabilization, I would use this pop to sell shares as MWW is a company in secular decline that is extremely overvalued. Let's begin by taking a brief look at the quarterly numbers:
The story of the quarter was a continued decline in Monster's business, though it has managed to remain profitable. Even as we have seen a mild improvement in the labor market, revenue fell by 11% year over year. Results were even worse internationally with revenue down by 22%, though the company derives the majority of its revenue in...
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