Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Monster Worldwide: Either Way You Slice It, There's Still Upside Ahead

Since its recent earnings call and announcement of the sale of a 49.9 percent stake in its Korea business, Monster Worldwide (NYSE:MWW) has had an impressive run (up almost 50%). So the question is: Is there still any upside left? As we will review in this article, I believe there is, and believe there are multiple ways we could realize this value. Since failing to sell the company at the $10 price level, the company has been selling off individual assets. When looking at the current company on a sum-of-the-parts basis, it still seems cheap. Additionally, the company is just about done completing a restructuring that will take about $130MM of costs out of the business and has...

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