Financial Analyst Says Big Things Coming For WWE & To Buy Stock

Justin LaBar

Stock expert Richard Ingrassia of Roth Capital Partners recommends buying WWE stock according to The Wrestling Observer Newsletter.

Ingrassia says pay-per-view numbers have increased 37% in the second quarter and credits WWE's use of social media as the reason.

He said WWE's new Main Event show airing on Ion, a third hour on Raw and Saturday Morning Slam on CW will help the brand gain popularity.

Perhaps the most insightful observation is Ingrassia says WWE is moving away from their money-losing movie strategy of the past and thinks WWE's Network launch could add $68 million to 2013 revenue.

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