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World Wrestling Entertainment Inc. Message Board

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  • Sarcastic_investor Sarcastic_investor Nov 6, 2008 9:12 AM Flag

    Earnings reported Thursday am before the bell

    Not a bad report considering how the economy is doing. Pay per view is down some, but everything else is doing OK. Ratings are up, not down. Growth has slowed, but that's expected in a global world wide recession. Revenue growth outside the USA is up. SG&A is higher, but you probably have to advertise more in a bad economy to get the same amount of revenue. They are cutting costs in the future. The stock probably won't do much. The high dividend yield makes the stock very attractive at these levels. Good luck.

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    • Here's the earnings link:

      I think the best thing for WWE right now is that gas prices have dropped almost 50% and are still falling. That will certainly help their customers going forward.

    • Where did you read that ratings are up? The Raw show has posted some of its worst ratings in a decade over the past couple of months.

      The earnings miss was expected. The shows just haven't been as good in the last few months. As a result PPV numbers were lower. Domestic gate was flat, which was better than I expected.

      Cena is coming back which will help with the younger viewers. Jericho is champ again which is also good. Let's hope Vince allows Y2J to go back to being the self righteous baddie he was when feuding with HBK and not the whining, cliche heel he has morphed into over the last few weeks.

      The stock is now just a few dimes from its 52 week low, and its forward PE has come down to a reasonable 15+. With the dividend seemingly safe (at least for the short term), and with WM 25 on the horizon, this could be a good time to accummulate shares and play the waiting game.

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