Stockchase Opinions

The Weekly Buzzing Stocks by Billy Kawasaki World Wrestling Entertainment WWE-N TOP PICK Mar 09, 2023

WWE, a publicly traded company, is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE's TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 28 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The Company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo. Social media mentions are up 467% in the past 24h.

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COMMENT
Significant line of support at about the current price. 10% dividend yield and often a high yield indicates a cut is coming.
COMMENT

It is entertainment although they are amazing athletes. They wreck their bodies. As a business it is interesting and moving to a subscription model is good. The fan base is not as wide as 30 years ago. You have to lock your core fans in.

BUY
A smart, well-run company.
HOLD
It's had too much of a run, up 50% this year, but likes how the company is run.