WWE Chairman Vince McMahon took a huge hit in the stock market recently. He lost approximately 380 million of his fortune. Any WWE fans here? How do think this will affect the company?
WWE has shitty fundamentals. Not something I'd personally own. That's one of the perils to being a top exec of a publicly traded company. If you really believe in your company, you'll buy as much stock as you can, and convince your board to award you as much stock and options in compensation as you can. And investors and shareholders see it as a positive, while seeing a founder / chairman / CEO who doesn't own much of the stock as a negative and eye such reluctance with suspicion. And since there are restrictions on when you can buy and sell as an insider, it can make heavy ownership even more hazardous. Ted Turner lost most of his huge fortune many years ago when his company tanked. He was the captain who "went down with the ship". He said he felt obligated to ride it out along with all the other shareholders, some of whom were his friends and family.
Woah, seems like a huge sum (around 25% of his fortune). Must be pretty devastating for him. I think he'll bounce back though and WWE shouldn't suffer as a result of this.
I hate WWE now, it is so fake and phony...not that it wasn't when it was WWF, but I am shocked that people actually still watch that stuff. I would never get stock in it, that's for sure.
I just heard about this yesterday I think. I love Pro Wrestling. I'm kinda thinking about watching the stock and seeing if it drops some more. I feel pretty confident that the stock will come back. WWE is a huge company and is the largest Niche in its market. Could this be the best time to buy up a bunch of their stock? I checked Yahoo Finance today and the stocks are down, I don't remember how much though.
I'm sure people have their own reasons for watching it. I used to watch WWE a long time ago and it was really entertaining. I haven't watched it in years but I'm sure it's pretty similar now. It wouldn't be around if no one ever wanted to watch it.
WWE is shit now because all everyone thinks about now that it is staged. It should not count as a real sport. just an entertaining show. WWE if the fakest "sport" out thee. i think the stocks will drop, and maybe if something exciting happens in WWE, then MAYBE the stocks will rise back up above what you bought them for.
WWE has openly acknowledged it's "scripted entertainment" for a couple of decades now. As if just about all of us didn't already know? http://www.youtube.com/watch?v=BvTNyKIGXiI
Anyone buying their stock now? It has gone from $9 to $11.15 this week. I kinda regret not picking some up a couple weeks back when it was $9. I'm thinking about buying $500 of it this or next week. Edit: I was just looking at their market cap and it looks like they're a small cap ??