posted
company had good earnings report and doubled their div which was high already. might be a good play.
hart
posted
How many ppl watch it these days??? I think those days are long gone!!! I HIGHLY doubt there will ever touch $20 again. unless by some odd chance they revive wrestling as a whole. But they need to start with their so called "superstars".
JMHO!
metal1
posted
yeah, they mentioned tv and attendance were down but merchandise sales were up which helped their large net increase. so i guess as long as the tv and attendance don't get worse the stock should be ok. i think the annual yield is around 7% now. we'll see if they continue to pay at that rate in future quarters.
R1Man
posted
quote:Originally posted by hart: How many ppl watch it these days??? I think those days are long gone!!! I HIGHLY doubt there will ever touch $20 again. unless by some odd chance they revive wrestling as a whole. But they need to start with their so called "superstars".
JMHO!
I still watch it, so does my dad and lots of people I know.
here is the article he is refering of:
Stocks in Motion: World Wrestling Page 2
Shares of World Wrestling Entertainment (WWE:NYSE - commentary - research - Cramer's Take) rose 5% after the professional wrestling producer posted second-quarter results that topped analysts' forecasts, and also boosted its full-year forecast. The company earned $11.7 million, or 17 cents a share, on sales of $88.9 million. The results included a gain of about $3.4 million in legal settlements. Analysts expected earnings of 7 cents a share on sales of $82 million. A year earlier, the company earned $4.4 million, or 6 cents a share, on sales of $83.9 million.
World Wrestling Entertainment now sees full-year earnings of 50 cents to 55 cents a share. Previously, the company forecast earnings of 46 cents to 50 cents a share. The company increased its sales view to $370 million to $385 million from $360 million to $375 million. Analysts expect earnings of 52 cents a share and sales of $371.4 million. WWE shares were up 63 cents to $14.14.
metal1
posted
i took my .60 and got out. maybe a little early though