Posted in: WWE WWE Stock Report for the Week Ending 6/15/2012 - NEW 52 Week Low Achieved
By Mr. Tito
Jun 15, 2012 - 9:28:01 PM
Disclaimer: The following prepared report, using sources and data believed to be accurate and reliable, is for entertainment purposes only. Information and/or opinions expressed by the author are does not constitute a solicitation or an offer to buy or sell any security. Readers of this report are to buy or sell securities at their own risk.
6/8/2012 CLOSE: $7.91 per share LoP.net 6/15/2012 CLOSE: $7.49 per share (down -5.31%) LoP.net
52 Week Highs & Lows - through 6/15/2012
- Low: $7.48 per share LoP.net
- High: $10.80 per share LoP.net
Dividend Yield: 6.30% LoP.net
Financial News/Reports relevant to WWE: N/A, but it was observed this week that John Laurinaitis was removed from WWE Corporate's website listing of "WWE Executive Officers". It is assumed that Laurinaitis has moved into a full time television role with Paul Levesque (Triple H) absorbing his role overseeing "Talent Relations" with his title of EVP - Talent & Live Events. LoP.net
Main Stock Indexes - Week End Closes
- Dow Jones Industrial Average: 12,767.17 (up +1.70%) LoP.net
- NASDAQ: 2,872.80 (up +0.50%) LoP.net
- S&P 500: 1,342.84 (up +1.30%) LoP.net
Economy and WWE Stock Analysis: This week's edition of Monday Night RAW, which was 3 hours, did GREAT ratings in comparison to the rest of the year. With the return of Vince McMahon and without the NBA Playoffs as direct competition, the 3 hour RAW increased its viewers significantly. Investors should take this as "good news" when RAW goes 3 hours full time in July, correct? LoP.net
WRONG. The WWE stock hit a BRAND NEW 52 Week Low with an intraday trading number of $7.48 per share on Friday, closing at $7.49 per share for the day. Since Monday, the WWE stock was in a downward trend despite RAW's strong rating. Nothing could explain this other than the unannounced Executive change between John Laurinaitis and Paul Levesque (Triple H). Investors DO NOT like to be caught off guard on surprise Executive Management changes, especially for a role vital as overseeing the incoming talent into the WWE. And to investors, years upon years of hearing insider stories about Triple H backstage, thanks to many leaks of backstage WWE matters, seeing Triple H take on more of an Executive role could be deemed problematic. LoP.net
Nothing else explains the decline throughout the week. The overall stock market saw some rebounding growth, continuing the trend from last week, after the stock markets took a beating over U.S. economic news and the potential implosion of the European Union over debt issues. There seems to be an increased impression that other European Union members may have successfully kicked their debt can down the road while the United States Central Bank, the Federal Reserve, could fire up the printing press again for another round of monetary injections into the Banking system to "stimulate" the economy. LoP.net
WWE Stock, when as low as $7.49 per share is very tempting especailly with the knowledge that Wrestlemania 28 and Extreme Rules Pay Per Views could pad the 2nd Quarter 2012 Financial Results. However, something is keeping the WWE stock under $8.00 per share. It could be the lack of a long-term revenue source, such as the WWE Network, or there could be fears over a post-Vince McMahon WWE. Worse yet, outside Investors can easily see internal company matters by the Insider News reports that are leaked on the WWE daily. LoP.net
