The Live Feed/Defamer Comment On WWE Financial Press Release

Bill Behrens


The Live Feed http://www.thrfeed.com/2008/09/wwe-trolls-for.html

Tact has never been a World Wrestling Entertainment strong point, but this takes it. On the day of the worst Dow drop in history (777 points — call it the new 666), WWE has issued a press release titled “WWE: 9.4% Yield” to try and lure shell-shocked investors.

“The 9.4% dividend yield on WWE stock is 300% higher than the S&P average,” the release said. “Given its strong balance sheet and cash generative businesses, WWE feels confident it can fund the dividend for the long term. The WWE considers itself a safe harbor in the current volatile marketplace. The popularity of WWE brands continue to accelerate while consistently providing the best value in entertainment.”

Yes, I’m sure when Warren Buffet thinks about a financial “safe harbor,” he envisions spandex-clad Rey Mysterio and the Undertaker, smashing each other with chairs on MyNetworkTV.

The Defamer http://defamer.com/5056894/

Sell High, Buy Lowbrow: Media stocks may have crumpled Monday amid the biggest Wall St. bloodbath in 20 years, but World Wrestling Entertainment was determined to accentuate the positive. In a press release targeted at skittish investors, WWE took this opportune moment to point out its 9.4% dividend yield â<80>¢ “300% higher than the S&P average,” according to the company. “Given its strong balance sheet and cash generative businesses, WWE feels confident it can fund the dividend for the long term. The WWE considers itself a safe harbor in the current volatile marketplace.” But remember: Diversify! Keep a little cash in steroids, Spandex, turnbuckles and self-tanning spray, and America may ride this wave out yet.

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