Monster Heads in the Right Direction
IN a still brutal recruiting market Monster Worldwide performs. Monster.com in particular had a very nice comparable. Revenue down to $103 mm v. $104 mm in prior year's second quarter. The 2002 period was probably helped out by historic deals signed closer to the boom, so I'd bet that operating metrics at a more detailed level would should that indicators are heading in the right direction.
Overall, the company turned a $35mm operating loss into a $15 mm operating gain. When you clear through all the debris, this is probably a company doing $100 mm in EBITDA a year right now, and that will only inflate in the coming recovery. Very nice quarter.
