Posted:
#26
They are currently working to move the network to international markets.
WWE Wrestling Stock
Posted:
#27
Quote Originally Posted by Louis_IV:
Lipps, where are you getting the subscriber numbers you are talking about since the last conf call? I've not seen them. I read that they had over 400,000 people by the Pay per view that were not already registered subscribers
They need about 1.2 million to be at a break even point and they are not even close.
Posted:
#28
Quote Originally Posted by Lippsman:
They need about 1.2 million to be at a break even point and they are not even close.
whats not even close? They had a quarter of a million awhile a go and it just started. They had 400K in people sign up for the Pay Per View and pay the last one. Sounds close to me. Other countries? People will come. They make a shitload at the events as well. They are packed.
Posted:
#29
Quote Originally Posted by Louis_IV:
whats not even close? They had a quarter of a million awhile a go and it just started. They had 400K in people sign up for the Pay Per View and pay the last one. Sounds close to me. Other countries? People will come. They make a shitload at the events as well. They are packed.
meant 3/4 of a million
Posted:
#30
Quote Originally Posted by Louis_IV:
whats not even close? They had a quarter of a million awhile a go and it just started. They had 400K in people sign up for the Pay Per View and pay the last one. Sounds close to me. Other countries? People will come. They make a shitload at the events as well. They are packed.
This is not even close
https://www.cagesideseats.com/wwe/2014/6/14/5810632/wwe-network-subscribers-may-have-even-declined-since-wrestlemania-30
Posted:
#31
Quote Originally Posted by Lippsman:
This is not even close
https://www.cagesideseats.com/wwe/2014/6/14/5810632/wwe-network-subscribers-may-have-even-declined-since-wrestlemania-30
667000 is the number in there, hows that not even close. Interesting article? Definitely sounds rough. Vince always seems to make money, guess will see. Never heard of the website.
Posted:
#32
Quote Originally Posted by Louis_IV:
667000 is the number in there, hows that not even close. Interesting article? Definitely sounds rough. Vince always seems to make money, guess will see. Never heard of the website.
I call just a tad over 50% not close. Are you going to wait till the July 31st numbers to decide to jump back in or not. If it's a negative report it may drop below $11.50 which may be good to dip a toe in. Personally it if goes below $11 I may throw a few K at it. Stock was just so over valued before. But bottom line they have no direct competition, well maybe MMA. They do need to listen to the fans more though. Product is really stale, guess that is what happens when you have no one to push you like WCW did to them before.
Posted:
#33
Quote Originally Posted by Lippsman:
I call just a tad over 50% not close. Are you going to wait till the July 31st numbers to decide to jump back in or not. If it's a negative report it may drop below $11.50 which may be good to dip a toe in. Personally it if goes below $11 I may throw a few K at it. Stock was just so over valued before. But bottom line they have no direct competition, well maybe MMA. They do need to listen to the fans more though. Product is really stale, guess that is what happens when you have no one to push you like WCW did to them before.
True, no one is pushing them. MMA is different. People know this is fake now, more of an entertainment with the interviews/skits then just wrestling. They need to improve the characters. It still has a big following. I'm still watching. If teh numbers are bad as you suggest I think it would be a bad idea to buy in pre-earnings. I think it could get beat up bad, if the numbers some how are good then I think it can move up very, very fast. Its definitely on my watch list and will be looking for some news in the interim
Posted:
#34
Quote Originally Posted by Louis_IV:
True, no one is pushing them. MMA is different. People know this is fake now, more of an entertainment with the interviews/skits then just wrestling. They need to improve the characters. It still has a big following. I'm still watching. If teh numbers are bad as you suggest I think it would be a bad idea to buy in pre-earnings. I think it could get beat up bad, if the numbers some how are good then I think it can move up very, very fast. Its definitely on my watch list and will be looking for some news in the interim
This is the exact reason the WWE is losing fans. BTW, this article is dated from January.
And this is from someone that is better versed in the business than all the chat boards combined.
https://www.independent.co.uk/sport/general/wwe-mma-wrestling/mick-foley-disgusted-with-the-wwe-after-royal-rumble-2014-do-they-hate-their-own-audience-9088076.html
Posted:
#35
Well the report is out, only 50% of the 1.4 million subscribers to break even and a new $19.99 per month price to get people to try it. So now you will see people get it for just one month for a PPV they want to watch.
They missed earnings by a penny by losing .-18 cents a share. Revenue grew 2.6% year-over-year to $156.3 million for the quarter, missing analysts' estimates of $157.9 million. Also they cut 7% of staff, never a good thing.
The stock took a nice jump early on, guessing the lemmings loved them just losing -.18 a share, but now most of that gain has been lost back. I wouldn't touch the stock at this point. Think it will keep bouncing between $12 and $13.25 for a good while.
They should be live in the U.K. in a few months and plan a roll out for other countries later on.
Posted:
#36
4,500 shared dumped by insiders on 8-7-14
DeVito Basil V. Jr., who is Sr. Advisor, Bus. Strategies at World Wrestling Entertainment, sold 2,000 shares at $14.49 on Aug. 7, 2014. Following this transaction, the Sr. Advisor, Bus. Strategies owned 72,486 shares meaning that the stake was reduced by 2.69% with the 2,000-share transaction.
Kowal Mark, who is SVP and Controller at World Wrestling Entertainment, sold 2,500 shares at $14.05 on Aug. 7, 2014. Following this transaction, the SVP and Controller owned 15,229 shares meaning that the stake was reduced by 14.1% with the 2,500-share transaction.
The shares most recently traded at $13.77, down $0.28, or 2.03% since the insider transaction. Historical insider transactions for World Wrestling Entertainment go as follows:
- 4-Week # shares sold: 25,890
- 12-Week # shares sold: 31,305
- 24-Week # shares sold: 31,305
The average volume for World Wrestling Entertainment has been 2.4 million shares per day over the past 30 days. World Wrestling Entertainment has a market cap of $467.7 million and is part of the services sector and media industry. Shares are down 17.49% year-to-date as of the close of trading on Thursday.
World Wrestling Entertainment, Inc., an integrated media and entertainment company, is engaged in the sports entertainment business worldwide. It operates in four segments: Live and Televised Entertainment, Consumer Products, Digital Media, and WWE Studios. The stock currently has a dividend yield of 3.4%. Currently, there are 2 analysts who rate World Wrestling Entertainment a buy, no analysts rate it a sell, and 2 rate it a hold.
Posted:
#39
Good writeup from Zacs Equity Research here.
World Wrestling Entertainment Inc. (WWE - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because WWE is now in overbought territory with an RSI value of 77.56.
What is RSI?
RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet WWE’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in World Wrestling’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of WWE’s prospects for the near term.
Over the past two months, investors have witnessed 2 earnings estimate revisions lower compared to none higher for the current year. The consensus estimate for WWE has also been on a downward trend over the same time period too, as the estimate has fallen from -$0.42/share two months ago to just -$0.54/share today.
If this wasn’t enough, World Wrestling also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
What is RSI?
RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet WWE’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in World Wrestling’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of WWE’s prospects for the near term.
Over the past two months, investors have witnessed 2 earnings estimate revisions lower compared to none higher for the current year. The consensus estimate for WWE has also been on a downward trend over the same time period too, as the estimate has fallen from -$0.42/share two months ago to just -$0.54/share today.
If this wasn’t enough, World Wrestling also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
Posted:
#41
WWE has been on my watch list since that historic tank earlier this year.
My uninformed view is that the product has been suffering for about 10 years now. The face of the product John Cena has just been played out in every way possible, and Vince is getting pretty desperate.
These promos with the Rock, DX reunions, bringing back Brock Lesnar. They're just temporary bumps because they have been unable to push any of the younger stars. Daniel Bryan's injury has hurt them a little bit. I never liked CM Punk and thought he was corny, so they didn't lose much there except introduce controversy.
There's only so many times Vince can rely on old faces to save the company. No competition, but WWE fans are pretty loyal. Hence why companies like TNA were basically founded on WCW leftovers after the merger.
Anyways, back to the stock. We've seen it as high as $15 in September. Would it be a waste of time getting in now, or should we wait for the buildup to WrestleMania. Or is that already factored into the sales price?
Posted:
#50
Stephanie McMahon dumps shares
Chief Brand Officer Stephanie Levesque, better known by her maiden name Stephanie McMahon, has sold off over 105,000 shares this week of the company her father Vince and mother Linda founded in 1980. The sales by Stephanie, a former WWF (as it was known at the time) Women’s Champion, who remains an entertainment personality for the company’s wrestling programming, are the first by her since early 2014. Basil Devito, the company’s Senior Advisor of Business Strategies has also sold 4,100 shares this week.
WWE has had a strong year on the stock market, gaining over 68% year-to-date. While shares are still down by about 50% from their early 2014 high around the time the company launched its home streaming service WWE Network, the market seems to finally be warming up to the service after the disappointment of missed subscriber targets.
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