World Wrestling Entertainment Plunges on Earnings Projections: Dividend in Danger?

Several years ago I wrote a series of articles about World Wrestling Entertainment (WWE) (see here, here and here) in which I opined on its unique ability to generate free cash flow and pay high dividends to its investors. I even went as far as to say that the company and its business model itself were recession proof. While WWE continued its dividend payouts with regularity and maintained profitability during even the most difficult part of the financial crisis and ensuing recession, the earnings projections released by WWE this Friday, in anticipation of the February 10th official earnings announcement, should be a major concern to investors.... Read more

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