A few years ago I thought to myself, 'Im going to buy some WWE stock". I thought...$10,000 sounds about right. But Im not a stock guy and figured that would be a long term investment. I kicked myself when it went from $7 a share to $40+. Well, it's over $70 now. A lot of craziness though as the company is trading at 169 times earnings (Disney trades at 14 times earnings). This stems from WWE announcing their new TV deals which kick in next year which will make them insanely profitable for the foreseeable future.
The FOX deal for Smackdown is with Fox Sports (rather then Fox Entertainment) so Fox Sports will be in charge of the show (from the Network perspective). It will air on Fox Network but under the Fox Sports banner.
WWE worth well over $5 billion right now. Considering what UFC got in a sale, what could WWE get?
PS: I dont feel so bad about missing the stock gravy train. Vince sold over 3 million shares in December, making $95 million. Had he waited til today, he'd have made almost a quarter of a billion.