When it comes to live entertainment, there is only one rock solid company that continues to pay an eye-bulging 8.8% annual dividend to its loyal fans and shareholders. What is that company, you ask? Not Live Nation (LYV) and not Warner Music Group (WMG). It's none other than World Wrestling Entertainment (WWE).
This year, first quarter revenue leaped off the ropes 28.7% and net income clothes-lined the analyst estimates with a 140% rise in net income. We highlighted that traditionally WWE is a very catalyst-driven Q1 company; however, 2010 live and televised events are seeing a non-traditional steady uptick...More?
source: bloggingstocks.com
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July 27, 2010
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