Posted in: WWE WWE Stock Report for the Week Ending 6/29/2012
By Mr. Tito
Jun 29, 2012 - 9:44:40 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. This report is prepared exclusively for LordsofPain.net/WrestlingHeadlines.com.
6/22/2012 CLOSE: $7.55 per share LoP.net 6/29/2012 CLOSE: $7.82 per share (up +3.58%) LoP.net
52 Week Highs & Lows - through 6/29/2012
- Low: $7.44 per share LoP.net
- High: $10.80 per share LoP.net
Dividend Yield: 6.30% LoP.net
Financial News/Reports relevant to WWE: WWE hired an new Executive Vice President for Consumer Products and he will report directly to WWE CEO and Board Chairman, Vince McMahon. The EVP of Consumer Products is named Casey Collins and before the WWE, he has job experience at MGA entertainment, Lucasfilms, and was a bit part of managing World Championship Wrestling's consumer products. LoP.net
Main Stock Indexes - Week End Closes
- Dow Jones Industrial Average: 12,880.09 (up +1.89%) LoP.net
- NASDAQ: 2,935.05 (up +1.47%)LoP.net
- S&P 500: 1,362.16 (up +2.03%) LoP.net
Economy and WWE Stock Analysis: The WWE Stock moved upward as the overall market moved upward. Aside from the EVP hire, which appears to be a reasonable hire, nothing much in the way of reported news. In the LEAKED wrestling news world, there are reports that WWE Network will miss its Fall 2012 implementation. Provided the WWE not making any official statements regarding the WWE Network, the leaked news will continue to sway investors. No other publicly traded company allows for company matters to be this well known like the WWE. LoP.net
For the overall stock market, Investors were probably watching the Supreme Court results and regardless of where you stand on the Affordable Care Act of 2010, Investors are probably glad this week is over because of the uncertainty of the result. Now, with the ACA being upheld by the high courts, there exists some certainty in the markets of the rules to play by and also for how much expense (or taxes) must be budgeted for 2013. Also in the markets, there continues to be mixed messages in Europe. Nothing explosive just yet, but in addition to Greece, Spain and Portugal's debt is being looked at very closely. Both have 10 year bond rates that are either high or rising, which is an indicator of those countries begging investors to buy their debt (i.e. trouble!). LoP.net
With June 2012 ending, the WWE, by Securities Exchange Commission (SEC) rules, must post its 2nd Quarter 2012 earnings for the performance of the months April, May, and June. Included in those months are Wrestlemania 28, which appears to have record breaking numbers, and Extreme Rules which drew well with Brock Lesnar vs. John Cena. At $7.82, it could be worth a speculative buy should the 2nd Quarter 2012 results smash 2011's 2nd Quarter numbers by comparison. Additionally, the WWE has more television hours that will pay them additional dollars moving forward. SummerSlam is sizing up well with Brock Lesnar vs. Triple H set to boost that show's buyrate. LoP.net
Things are looking better, financially, for the WWE than say 2011. However, the long-term business model continues to present the WWE challenges. The LACK of a WWE Network, despite promising its beginning around Wrestlemania this year, is stunting the WWE's growth. That, and I sense a lack of understanding or appreciation for the WWE's continuity beyond Vince McMahon running the show. Continued leaking of news, thanks to the "dirt sheets", also harms the WWE's corporate image. Should be interesting if the WWE deems John Cena an asset of the company compared to him being a person. The recent surrounding rumors about his pending divorce could peak the WWE Legal Team's interest, for example. LoP.net
