Million-man job hunt: When Monster.com just doesn't do it

Million-man job hunt: When Monster.com just doesn’t do it

Today's Financial News - Posted September 18, 2008

Thousands of financial professionals are hitting the labor market as Lehman Brothers (NYSE:LEH) closes and other banks fold. Who’s going to profit from the million-man job hunt? Apparently it’s not Monster Worldwide (NASDAQ:MNST).

We’ve found a company that’s going to be up to their eyeballs in new business.

Watch this video.

by J. Christoph Amberger, TFN

You watched Lehman Brothers (NYSE:LEH) shut down and hundreds of employees file out the doors with cardboard boxes under their arms. Wall Street already shed about 25,000 jobs in 2008. With the collapse of Lehman Brothers and the fire sale of Merrill Lynch (NYSE:MER), the number of lost jobs could rise by another 10,000 in no time flat.

Of course, it’s not just New York City that’s affected. Throughout the country, hundreds of thousands of professionals are pounding the pavement attempting to replace upscale salaries.

Having hundreds of thousands of unemployed… and, depending on the extent of the downturn, unemployable… professionals in the labor market is certain to result in one thing: A jump in involuntarily self-employed consultancy businesses.

In the digital age, that means the need for building, maintaining and promoting web sites. Just listing your resume on Monster.com (NASDAQ:MNST) is no longer enough: I’ve just found one prime candidate to benefit from a crush of new business… a leading provider of online marketing for small businesses.

It’s been bucking the recent downward pressure in the market… since the company has committed to repurchase almost its entire non-institutional outstanding shares over the next 18 months.

I believe this stock could regain its 52-week high of $8 and change by spring, with a profit horizon of 25-30% before the end of the year.

I’d love to give you the ticker and recommended entry price. But you see, it’s confidential.

You can get the specific recommendation at HotStockConfidential.com. Hope to welcome you on our VIP members list!

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