More than the wresting programs these days, this is what I love
Many used to goof on me for promoting this stock - or basing a lot of my judgments on "being a shareholder"...which I was, then dumped a bunch, then bought again when the time looked right. The point being - it's a good company with pretty much bulletproof stock, after all - there is no competition, it's only a matter of Vince shitting in his own oatmeal
The best thing about this company is that people can die, fail drug tests and even a VP in the company can call a black guy a nigger and still come out unscathed. If you look beyond the simple things - like "oh boy! TNA has a chance to beat ECW in the ratings this week! - OOPS! " you will find a company that has a stranglehold on the "wrestling business" and the means to promote entertainment that isn't burdened by the fact that people are going broke. You can buy what they are selling and worry about paying for it later. Worldwide.
Are stupid booking decisions preventing more money from being made? Yep. That's always going to be the case. The fact the stock dropped after the earnings reports we given out is a good sign that people are overestimating the value of the stock - analysts are wrong as a general rule. And beat these types of stocks down to the point to where they can buy them for the own portfolio...that's a good thing - buy now
A few problems I have with investing in the company: If you told me Vince and Co. were not going to have any 'brilliant ideas' (Boxing, WBF, Icopro, XFL, Music Industry, Films that Aren't Direct to Video etc.) and just focused on what they know, then I'd consider it a potential growth stock. Plus, the major concern: Do you have faith in the children not destroying the company once Vince and Linda croak or no longer have the mental capabilities (insert joke here) to run the company?
It's that willingness to diversify that, in my mind, makes the company a potential growth stock. Yes, Vince seems to overreach his boundaries when getting into a new venture (the XFL money probably could have been better invested in an AFL team or three), but I'd rather an entertainment company lose at diversification some times and win others, than have them stagnate and eventually vanish.
At one point, people thought merchandising was a fool's game, now there's a glut of toys/clothes/etc. for every PG-13 action movie every summer.
"Tattoos are the mullets of the aughts." - Mike Naimark
While the economy might be going down the tubes and people might not be taking big vacations I would much rather invest in a theme park like Six Flags over the WWE any day. The WWE stock is garbage and will always be garbage. Not only is the company not run right for a monopoly, but a sudden Vince McMahon whim into other avenues can cost God knows how much. I guess it's not the worst stock you could buy, but at the same time I'm not drinking the Flea Kool-Aid.
More good news for Raw. I'm sure the doomsayers will be here shortly reminding us ratings will surely drop next week, just like they were surely going to fall this week. But that's seven out of the last nine ratings at 4.0 or above. And the 4.