Cramer gives Yahoo! a job: acquire Monster Worldwide (MNST)

Posted Oct 20th 2006 6:58PM by Jon Ogg
Filed under: Analyst Reports, Yahoo! (YHOO)

Jim Cramer is continuing with his campaign to help "Yahoo! save itself through acquisitions." On Wednesday he recommended that Yahoo! Inc. (NASDAQ:YHOO) acquire Bankrate, Inc. (NASDAQ:RATE) and last night he recommended that they acquire The Knot, Inc. (NASDAQ:KNOT).

Tonight on MAD MONEY Cramer had his third idea: Yahoo! could acquire Monster Worldwide, Inc. (NASDAQ:MNST). Monster provides online recruitment services worldwide. It operates in two segments: Monster; Advertising and Communications. It controls 48% of job listings and charges a premium to other job sites.

Yahoo! already owns HotJobs, and this could give them a better positioning. Cramer didn't opine on potential antitrust issues as the company would then control a large percentage of the online recruiting segment. MNST closed down 0.25% at $38.70 in regular trading, and its shares went up 2% to $39.47 after Cramer touted the shares.

Tags: cramer, jim cramer, JimCramer, mad money, MadMoney, mnst, monster, yahoo