Monster Worldwide (NYSE:MWW) — This online employment solutions company, which provides a network of websites connecting employers with employees, fell from about $25 in January 2011 to under $7 in October, and has been losing market share even though labor markets have begun to recover.
But a recent announcement of an intention to raise shareholder value and hiring Key Partners and Merrill Lynch to “help it review strategic alternatives” puts teeth into the announcement. Credit Suisse says that there are several possible moves that MWW could make, including a sale of a territory or a strategic partnership.
Earnings are expected to improve from a gain of 40 cents in 2012 to 50 cents in 2013.
Technically the stock broke dramatically from a six-month rectangle in late February, jumped through its 50-day and 200-day moving averages, and is holding above the latter.
Clearly, something is going on with MWW, and speculators may want to accumulate shares now.