Awww, dawg, it's straight-up whack! Wall Street has just totally "dissed" the company. Wait, is this the stocks blog? Sorry. I just got carried away with Jim Cramer's latest rant. He's discussing World Wrestling Entertainment, Inc. (NYSE: WWE), a stock was down for a while. Yet its yield is over 5%.
Cramer interviewed chairman and "third-generation promoter" Vince McMahon on video conference. Cramer asked about WWE's international prospects, and McMahon said that his company's entertainment may be the biggest US export. McMahon said national attendance was actually down at events but the international audience more than makes up for it. Cramer asked McMahon about two movies, McMahon said they have some downside protection and they keep their own intellectual products. He said Spain, Italy, Portugal, Philippines are all growing after recent launches. Cramer said that the future seems brighter than the past and Cramer thinks the dead-money past performance is about to change. He said you should even do a "Mo'm-Back" and buy it before this changes.
Oddly enough, Cramer didn't ask any guidance questions or real financial questions. Maybe that, too, would be whack. WWE traded up 3.2% today, so we'll have to see how it performs on Friday.
Cramer sweet on Vince McMahon of WWE
Posted Oct 19th 2006 9:49PM by Jon Ogg
Filed under: After the bell, Analyst reports
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