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.
Cramer gives Yahoo! a job: acquire Monster Worldwide (MNST)
Posted Oct 20th 2006 6:58PM by Jon Ogg
Filed under: Analyst reports, Yahoo! (YHOO)
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Reader Comments (Page 1 of 1)
10-22-2006 @ 1:32PM
Gary E. Sattler said...
Cramer may consider placing HIS resume' on Monster.
I believe his ratings are plummeting.
I wonder why?
.