The WWE is red hot again
Shares of WWE (WWE) (yes, it’s actually a public company) are up 75% so far this year. The company reported sales for the second canada goose jacket uk quarter canada goose uk that topped forecasts and a healthy profit.
cheap canada goose uk The main reason? WWE is in the process of transforming itself into a streaming media outfit. That’s right. WWE has canada goose outlet seattle a canada goose outlet usa little Netflix (NFLX) in it. cheap canada goose uk
WWE unveiled a streaming WWE Network last year. The goal was to get more of its fans to pay $9.99 canada goose discount uk a month to watch big canada goose parka outlet events like WrestleMania and Summer Slam as well as gain access to the company’s extensive library of older matches.
Related: Hulk Hogan vs. Gawker court showdown put off until March
canadian goose jacket It was a rocky transition. WWE shares plunged nearly 25% last year the equivalent of a wrestler getting smacked in the head with a steel chair as the early canada goose outlet price subscriber figures did not live up to expectations. canadian goose jacket
Investors were also disappointed by the terms of a new TV deal WWE signed last year with long time partner NBCUniversal, the media arm of Comcast (CMCSA). WWE airs weekly shows on NBCUniversal’s USA and Syfy cable networks.
But it now canada goose vest outlet looks like the move to streaming is paying off. WWE said last week that it ended the second quarter with nearly 1.2 million subscribers for WWE Network an 83% increase from last year and a 31% jump from the first quarter.
buy canada goose jacket cheap People who have bet against the WWE (and there a lot of them) may be canada goose outlet niagara falls forgetting that the company remains popular because of newer stars. buy canada goose jacket cheap
uk canada goose It’s not just about 80s canada goose outlet new york legends like Hulk Hogan, the late Rowdy Roddy Piper (sigh) and Jimmy “Superfly” Snuka who is now battling stomach cancer. (Double sigh.) uk canada goose
canada goose factory sale John Cena is in the Amy Schumer comedy “Trainwreck.” WWE also has a show called “Tough Enough” on USA that features people training and competing for a WWE contract. canada goose factory sale
Related: I make WWE championship belts for a living
The WWE’s reality programming is particularly appealing. In fact, a reality TV mogul recently bought a sizable stake in canada goose outlet online store WWE, leading to questions about what’s next from the company.
uk canada goose outlet John de Mol, the Dutch media executive responsible for creating “Big Brother” and “The Voice,” acquired nearly 2 million shares in WWE in the second quarter 6% of the company’s total shares. uk canada goose outlet
It seems unlikely that de Mol is looking to take over the WWE even though one of de Mol’s media firms has ties to the highly acquisitive John Malone of Liberty Media (LMCA).
WWE CEO Vince McMahon and his canada goose outlet location family wife Linda and daughter Stephanie have a controlling stake in the company through Class B shares that are not publicly traded. So any purchase of WWE would have to be friendly.
Canada Goose Parka But de Mol’s investment is intriguing. Canada Goose Parka
BTIG analyst Brandon Ross, who has a “buy” rating on WWE, wrote in a report Tuesday that “WWE content fits perfectly with de Mol’s expertise.”
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Canada Goose online Ross also wondered if de Mol may look to help the company develop new shows. Canada Goose online
“He certainly would be an invaluable resource for WWE’s programming and content team,” he wrote.
Still, investors should tread carefully. People who’ve rushed into this stock before have been clotheslined by short sellers who borrow a stock and sell it because they expect to buy it back at a lower price.
Shorts control canada goose outlet more than 25% of the company’s total shares. That’s one reason for the stock’s volatility.
Canada Goose sale WWE is also extremely expensive, trading at nearly 70 times 2015 earnings estimates. Canada Goose sale
Canada Goose Coats On Sale But canada goose outlet online reviews the stock, ironically enough, does offer safety and stability for more conservative investors. Its dividend yields an impressive 2.9%. Canada Goose Coats On Sale
So if you’re a wrestling fan, you can canada goose jacket outlet do worse than owning the stock. For everyone else, keep in mind that it could be riskier than canada goose outlet online getting in the ring with Triple H.
cheap Canada Goose This stock is going to live and die by its WWE subscriber numbers. They canada goose parka uk look good http://www.canadagoosesalesus.com for now. But expectations are higher than one of Snuka’s trademark leaps off the top turnbuckle. cheap Canada Goose
canada goose uk outlet CNNMoney (New York) First published August 4, 2015: 11:55 AM ET canada goose uk outlet
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