Back to top

Bull of the Day

Earnings estimates have moved up significantly after Monster Worldwide (MWW) reported better-than-expected results for the third quarter of 2012. Monster announced a series of restructuring actions in order to focus on its core business and improve its cost structure. These initiatives are aimed at boosting profitability and cash flow.

The restructuring actions include the sale of the ChinaHR business and curtailing losses in developing markets. On the other hand, Monster is currently reviewing strategic alternatives to maximize shareholder value, which includes the possible divestiture of the company.

We believe the shares have already hit an all-time low and a gradual recovery hereafter is on the cards. Thus, we maintain our Outperform recommendation on the stock.

Please login to Zacks.com or register to post a comment.