It’s not every day that the CEO of a publicly traded company offers us the opportunity to put him in a “hammerlock” if the company does not achieve its stated financial objectives. WWE management has expressed an incredible...
READ MORE >In the 18-months that we have been recommending going Long shares of WWE, we have been highly critical of management’s reluctance to provide investors with the company’s general operating and financial...
READ MORE >WWE shares have advanced 7.8% thus far this year compared to a 6.0% gain for the S&P 500. Despite the solid stock price performance to start the year, we doubt that many WWE investors are taking “victory laps”. After all, in the...
READ MORE >It seems like only 5-6 months ago we were lamenting a similar dynamic surrounding WWE shares. Here we are again, with WWE shares plumbing decade lows even though there are ample signs that the company’s core product continues...
READ MORE >WWE’s 2Q12 results were more or less inline with expectations. Based on the strong buy rate for Wrestlemania 28 and subsequent PPV events, it’s clear that WWE’s creative cycle has turned a corner. Over time we expect this to lead to...
READ MORE >It has been a grueling slog for WWE shareholders over the past 6-9 months. Over the past 3-4 months the company crushed expectations for 1Q12, delivered the highest selling Wrestlemania in history,...
READ MORE >It shouldn’t come as a complete surprise that WWE shares traded off over the past three months following 4Q11 results that were in no uncertain terms hugely disappointing and initial guidance for 2012 that was well below consensus forecasts. However, we were quite...
READ MORE >Presumably, WWE investors will awake tomorrow morning after fully digesting 4Q11 results that can best be described as substandard to a round of negative estimate revisions for 2012 EPS in the 30-45%...
READ MORE >In the four months since we first introduced WWE as a long idea, the stock has increased approximately 7.3% compared to a 0.4% gain for the S&P 500 over the same time frame. The stock has witnessed better price action of late from a...
READ MORE >There are few franchises in the broader entertainment industry that have achieved the type of enduring resonance with consumers as the WWE has. For more than three decades now the company has developed a universe of characters that continues to capture the...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0