"If a man didn't make mistakes, he'd own the world in a month". - Jesse Livermore
This is not an easy update to write. As regular readers will recall, I wrote an extended bullish piece on Monster Worldwide (NYSE:MWW) in October last year when the stock was at $6.6, suggesting it was dirt cheap and poised to turn around; I subsequently reiterated the call after a so-so earnings report even as the stock traded back down to $6 (from ~$7.5 pre-call) despite a couple of warning signs (in hindsight). Clearly, the stock had been a dog even into the 4Q report yesterday, falling well in excess of the market to ~$4.2. But the reported 4Q earnings yesterday...
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