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metal1
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company had good earnings report and doubled their div which was high already. might be a good play.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
hart
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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!

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Just a player....trying to figure out the game!

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metal1
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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.
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R1 Man
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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.

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metal1
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i took my .60 and got out. maybe a little early though
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

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