Leading financial analyst and host of CNBC's "Mad Money" show, Jim Cramer has defended WWE through and through, even when everyone else was jumping off the WWE bandwagon after their weaker-than-expected second and third quarter 2008 results.
On last night's "Mad Money" program on CNBC, Cramer turned his back on WWE stock, saying he's concerned about the current financial position of the company related to their dividend policy.
"I'm troubled," he said when rattling off his list of bearish stocks. "This stock acts terribly and now it's yielding 12 ... that dividend is a red flag."
source: pwtorch.com
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December 18, 2008
Jim Cramer downgrades WWE stock
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