WWE Business Booming How?
By Scott Keith on July 17, 2018
Scott,
Just read that Morgan Stanley raise its price target for WWE to $100 from $58. This, in addition to WWE share rising again to $76.90.
Now I don’t think you have to be a wiz on Wall Street to know WWE has been killing it lately.
Couple that with their Fox deal and they are making $ like it’s the Attitude Era all over again.
My question is how the fuck is this happening?
Their creative is at an all-time low.
They don’t have any major transcendent superstars or mainstream popular babyface star.
They are overexposed, running way too much product in a given week.
What gives?
You're asking the wrong guy. As Meltzer was pointing out on the radio show, you have a company like Sinclair where they bring in billions and have a strong track record trading way below WWE, while WWE's stock is valued so far beyond the actual amount of money that they're worth that there's no way to recoup it. Like, $100 a share?! It's only in the past few years that they've even made a significant profit!
But like I said, perhaps these Wall Street moguls know something everyone else doesn't. Perhaps it's just the ultimate carny con from Vince and the most successful one in history. Good for him.
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