Black Widow
02-23-2008, 02:50 PM
REY MYSTERIO UPDATE, WHY VINCE MCMAHON WON'T ATTEND THE D.C. CONFERENCE ON PERFORMANCE ENHANCERS, MANIA 24 PRESS CONFERENCE & MORE
by Mike Johnson @ 4:59 PM on 2/22/2008
Rey Mysterio was scheduled for surgery on his torn biceps this afternoon.
My brother, of all people, called me this afternoon to let me know that The Mike and the Mad Dog Show on WFAN radio in New York City mentioned that Vince McMahon was invited to take part in this Wednesday's conference on performance enhancing drugs in professional sports in Washington D.C., but declined as his attorney Jerry McDevitt was going to be in court that day and unable to attend and McMahon didn't want to attend without his lawyer present. They said that McMahon offered to make himself available at any point in the future, provided the scheduling worked with his attorney's.
Scheduled to appear at the Wrestlemania XXIV press conference at the Staples Center in Los Angeles on Monday are Edge, Randy Orton, Floyd Mayweather, Mysterio, John Cena, The Undertaker, Triple H, Big Show, Candice Michelle and Maria. The conference will be broadcast on the WWE website at 3 PM Eastern.
The Wall Street Journal takes a look at the WWE's stock today below
PWInsider.com
Getting Off the Canvas
Posted by David Gaffen
To survive a market like this, it takes a bit of brawn and a thick exterior. So look no further than World Wrestling Entertainment, which has managed to pump up a 15% gain this year, compared with a 9.1% decline in the Dow Jones Industrial Average.
Shares are up an additional 1.6% today after the company announced an increase in its dividend by 50% to 36 cents a share from 24 cents a share. Rumors of this had fueled a bit of buying in the stock earlier in the week, and the stock has been lately on a roll, notes Beth Gaston Moon of Schaeffer’s Investment Research.
The recent surge in shares puts the stock into a territory it hasn’t seen since last summer, although at $17.36 a share, WWE is still short of its $18.60 52-week high reached on May 3 of last year. The bullish case analysts are making for the company revolves, like many others, around international expansion, as Wedbush Morgan Securities analysts explained in a note after the company body-slammed expectations in its most recent earnings report.
“WWE’s ability to post such robust growth across its businesses in today’s economic environment speaks to high brand loyalty from its audience,” they wrote. “But the company is not standing still. It has recently ramped up its international expansion, establishing a global footprint in Europe, Asia Pacific and Latin America.”
source: blogs.wsj.com
by Mike Johnson @ 4:59 PM on 2/22/2008
Rey Mysterio was scheduled for surgery on his torn biceps this afternoon.
My brother, of all people, called me this afternoon to let me know that The Mike and the Mad Dog Show on WFAN radio in New York City mentioned that Vince McMahon was invited to take part in this Wednesday's conference on performance enhancing drugs in professional sports in Washington D.C., but declined as his attorney Jerry McDevitt was going to be in court that day and unable to attend and McMahon didn't want to attend without his lawyer present. They said that McMahon offered to make himself available at any point in the future, provided the scheduling worked with his attorney's.
Scheduled to appear at the Wrestlemania XXIV press conference at the Staples Center in Los Angeles on Monday are Edge, Randy Orton, Floyd Mayweather, Mysterio, John Cena, The Undertaker, Triple H, Big Show, Candice Michelle and Maria. The conference will be broadcast on the WWE website at 3 PM Eastern.
The Wall Street Journal takes a look at the WWE's stock today below
PWInsider.com
Getting Off the Canvas
Posted by David Gaffen
To survive a market like this, it takes a bit of brawn and a thick exterior. So look no further than World Wrestling Entertainment, which has managed to pump up a 15% gain this year, compared with a 9.1% decline in the Dow Jones Industrial Average.
Shares are up an additional 1.6% today after the company announced an increase in its dividend by 50% to 36 cents a share from 24 cents a share. Rumors of this had fueled a bit of buying in the stock earlier in the week, and the stock has been lately on a roll, notes Beth Gaston Moon of Schaeffer’s Investment Research.
The recent surge in shares puts the stock into a territory it hasn’t seen since last summer, although at $17.36 a share, WWE is still short of its $18.60 52-week high reached on May 3 of last year. The bullish case analysts are making for the company revolves, like many others, around international expansion, as Wedbush Morgan Securities analysts explained in a note after the company body-slammed expectations in its most recent earnings report.
“WWE’s ability to post such robust growth across its businesses in today’s economic environment speaks to high brand loyalty from its audience,” they wrote. “But the company is not standing still. It has recently ramped up its international expansion, establishing a global footprint in Europe, Asia Pacific and Latin America.”
source: blogs.wsj.com