VINCE MCMAHON LOST HOW MANY MILLIONS OF DOLLARS TODAY

[Slayer_X]

VINCE MCMAHON LOST HOW MANY MILLIONS OF DOLLARS TODAY, WWE TO ADDRESS INVESTORS ON MONDAY

2014-05-16 15:43:33
Forbes has an interesting article talking about the drop of the WWE stock price today. They also noted that Vince McMahon lost $340 million dollars today as the stock dropped. The piece takes an interesting look at the stock and how WWE's ambiguity with the information that they released yesterday helped cause the sell-off. You can read the piece by clicking here.

Meanwhile, WWE is well aware of the problems that the stock has suffered today. The stock is currently at $11.40 and down $8.53. They will be addressing it on Monday. Here is a press release that they sent out.

WWE® to Host Business Outlook Conference Call

STAMFORD, Conn., May 16, 2014 (BUSINESS WIRE) -- WWE announced that it will host a conference call on Monday, May 19, 2014 to discuss the Company’s 2014 and 2015 Business Outlook. The Company’s Chairman & CEO, Vincent K. McMahon, and the Company’s Chief Strategy & Financial Officer, George Barrios, will host the conference call beginning at 11:00 a.m. ET.

All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com . Participants can access the conference call by dialing 1-888-424-8151 or 1-847-585-4422 using the passcode: 7849998. Please reserve a line 15 minutes prior to the start time of the conference call.

The Company’s Business Outlook release to be referenced during the call is available at ir.corporate.wwe.com . A replay of the call will be available after the conference call concludes, and can be accessed on the Company’s web site

[Relapse]

Just to be in the position to be able lose $340Mil and still be filthy rich would be good to me.

[Kage]

Damn why did it drop so much? No particular reason or did something happen?

[Big Evil]

Everyone is selling their stock because they don't like where WWE stock is going and can't get a positive return on their investment. If you ask me, all these years of sub-par programming due to no competition is catching up to them. The company isn't capturing the fan base like it used to and isn't gaining new fans as a result of the lack of enticement from the programming they offer. From an investor standpoint, you have to cut your losses if you don't like that WWE is set to lose money fiscal 2014 rather than make money.

[Y0UR Messiah]

Actually he lost $350 Million dollars.

[Rob]

Actually he lost $350 Million dollars.

Depends on your source.

[Rob]

Everyone is selling their stock because they don't like where WWE stock is going and can't get a positive return on their investment. If you ask me, all these years of sub-par programming due to no competition is catching up to them. The company isn't capturing the fan base like it used to and isn't gaining new fans as a result of the lack of enticement from the programming they offer. From an investor standpoint, you have to cut your losses if you don't like that WWE is set to lose money fiscal 2014 rather than make money.

Actually has nothing to do with it. Most of the issue was the slow network launch, and then they got about 2/3 the value they were seeking on the new TV deal.