From CNBC

Lawrence Lewitinn wrote:

Good news for "professional" wrestling fans: No, it's not actually real. However, now you can enjoy wrestling 24 hours a day, seven days a week from the comfort of your parents' basement.

On February 24, World Wrestling Entertainment will launch an online subscription service called the WWE Network. According to portfolio manager John Stephenson, that won't help the stock, which more than doubled last year.

"I think they're already on the top rope after that 111% increase last year," says Stephenson on CNBC's Street Signs' Talking Numbers segment. "There's nowhere to go but down."

For Stephenson, the quick rise in the stock, including a 65% gain since October, means shares in WWE are now expensive.

"Valuation isn't compelling at all, trading at 109 times forward earnings versus an average of 19.4 over the last three years," says Stephenson, who also believes the online service will cannibalize WWE's pay-per-view cable business.

"The core business is just deteriorating," he says. "You don't have enough young men looking at wrestling with its scripted program."

"You're looking at a model that's in decline and valuation is stupidly high."

Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, disagrees with Stephenson's assessment.

"This move to streaming is genius," says Ross. "Wrestling is a rating juggernaut, second only to the NFL in terms of average views. And, with those domestic TV deals all expiring this year, these guys are going to cash in coming and going."

Ross sees the key moment in the stock's chart was when it broke above from the 20-day moving average three months ago. "I think there's another $3 to retest the old high around $19," says Ross. "You want to be a buyer around $16. This stock goes higher. "

http://www.cnbc.com/id/101329451

WWE is soaring. So what if numbers go down.

They're a publicly traded company so I'd guess it would be a big deal if stocks go down.

It's always about money with these rich people.

 

Tiff wrote:

It's always about money with these rich people.

Money is what keeps companies like these afloat so yeah...it IS always about money

Dead wrote:

Tiff wrote:

It's always about money with these rich people.

Money is what keeps companies like these afloat so yeah...it IS always about money

Well duh, Deadular.


#firstworldproblems

Dead wrote:

Tiff wrote:

It's always about money with these rich people.

Money is what keeps companies like these afloat so yeah...it IS always about money

What is the limit? We see WWE trying to get into things like Football and movies to make more money and they just fall flat on their faces.

These people just want WWE to fail.

I think at one point many people just expected WWE and it's stocks/ratings to sink abysmally. But with the WWE Network, their numbers will only improve.

Wrestling fans have always been an easy target for people who think they're funny. This is a particularly unfunny example.

Believe it or not, WWE knows what they're doing....when it comes to money. Creative-wise? I don't know anymore.

Creative-wise, they don't care.

As long as the money-side keeps on chugging.

My Econ teacher about people suggesting when to buy a stock = "If they tell you whether or not to buy... Don't listen. They don't know. No one knows."

So... yeah...

Stock price probably has very little to do with the network and I'm guessing this guy doesn't know enough about the biz to make a real judgment.

EEYEN wrote:

"If they tell you whether or not to buy... Don't listen. They don't know. No one knows."

Unless you're Warren Buffett..

He doesn't/didn't know, he got lucky and now hedges bets.

TJ wrote:

Creative-wise, they don't care.

As long as the money-side keeps on chugging.

Exactly!  

fuse wrote:

Wrestling fans have always been an easy target for people who think they're funny. This is a particularly unfunny example.

This assclown could have easily left out the shot at wrestling fans in the article that I'm sure he pulled out of his ass.

Quote :

Good news for "professional" wrestling fans: No, it's not actually real. However, now you can enjoy wrestling 24 hours a day, seven days a week from the comfort of your parents' basement.

When people come out with shit like that, I legit want to punch them in the face.

I bet the douche is typing that from his parent's basement....  

Yeah, I didn't read anything passed the parents' basement comment. Fuck this douchenickel.

Plus "No, wrestling still isn't real."

Well duh. Wrestling would suck cock if it were real.

Razor wrote:

Plus "No, wrestling still isn't real."

Well duh. Wrestling would suck cock if it were real.

Well, wrestling is real. It happens in real life. The wrestlers are real people as well. And no, wrestling isn't fake either, as haters do like to say.

Amazing how even after so many years, people still can't understand that "staged" =/= fake .

Oh yeah, right!
How did I miss that? I've actually used that argument before.

85% of matches are called on the fly anyway. They only know the ending beforehand.

Just like any reality show. "Here's how we want it to end, now make it as dramatic and entertaining as possible."