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Steven Borovay, CFP

 
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  • The Real Reason WWE Network Is Stuck In A Sleeper Hold [View article]
    Kevin exceptional article. Not all that familiar with the UFC but how much of their business is abroad? I would think WWE is more of a global brand....
    Dec 17, 2014. 07:00 PM | Likes Like |Link to Comment
  • WWE: What Investors Need To Hear From George Barrios, CFO, At The Upcoming UBS Investment Conference On December 9 [View article]
    George gave a decent presentation and pointed to specific drivers of the business going forward. Also, he said there's additional content in the near future that is going to be added and further stated that if he mentioned it 'Vince would kill him'. Nickel to a donut it probably is having the Steve Austin Podcast as a weekly feature on the Network.
    Dec 9, 2014. 11:10 PM | Likes Like |Link to Comment
  • Why The WWE Network Will Survive And Prosper [View article]
    Much better presentation by George although it wasn't just a Q&A as was the Wells Fargo conference. George laid out a better vision on the drivers of growth for WWE. Also, what really caught my eye was that George said that there will be an announcement by Vince as to additional content in the near future. He also said that if he was to announce it now, 'Vince would kill him'. Nickel to a donut it could be WWE Network adding a weekly hour Steve Austin Podcast. Phenomenal!
    Dec 9, 2014. 12:36 PM | 1 Like Like |Link to Comment
  • WWE And Why The Network Will Most Likely Succeed [View article]

    Hopeful definition is below. The way I use the reference is that there are wrestling fans worldwide and there are more people on the internet by over 3 to 1 than who view cable. Law of Large Numbers means more exposure to the fan base more subscribers to the Network. It's just a matter of time as nothing happens over night.


    "Word Origin

    noun, Mathematics
    1.
    the theorem in probability theory that the number of successes increases as the number of experiments increases and approximates the probability times the number of experiments for a large number of experiments."
    Dec 3, 2014. 10:09 PM | 1 Like Like |Link to Comment
  • Advanced Battery Technologies, A Real Company Battle Against an Incredulous Anonymous Short [View instapost]
    Totally wrong on this one....It's like baseball though as I only need to hit big time on 3 of 10 selections to make money over time. I'm still doing pretty good having tripled my investment dollars since 2009.
    Nov 29, 2014. 01:58 PM | Likes Like |Link to Comment
  • WWE's Narrow-Minded Focus Is Alienating Fans And Investors [View article]
    Edward appreciate the feedback. I've been going to semrush.com and from the stats the downloads not directly to the site are off generic search results. The PPC is minimal worldwide. So your comment about aggressive marketing is extremely important. I think as they see more people on the network and/or viewers through their new cable deals that's when PPC and more importantly advertising budgets for cable increase. I think the emphasis short term is trying to bring costs in line with revenue.
    Nov 25, 2014. 02:38 PM | 1 Like Like |Link to Comment
  • WWE's Narrow-Minded Focus Is Alienating Fans And Investors [View article]
    Finishing my last thought as I was unable to revise it. Not 3.03 fans but users. Also content has improved substantially since I subscribed and it's a night and day difference.

    The cable deal with ESPN Desportes is a sample of how the WWE is expanding coverage with new deals and existing deals to a new base of potential fans. Thus the 100 million dollar contract increase to 2019. The market for new subs does not develop overnight. After this coming quarter the base fan count will be established as the remaining subs of 205K 6 month contracts expire. I believe that is why they offered November free in addition to Survivor Series having the second lowest PPV count in the past. As the Network continues the sub count should increase over time with exposures WWE never having in the past. Obviously WrestleMania will spike sub counts, but the metric will change to the underlying base count that renews month-to-month.

    Finally, Edward no one has a crystal ball to predict the future of the Network and my thesis of success is predicated on the Law of Large Numbers. More people worldwide watching cable lead to a larger potential sub base.
    Nov 22, 2014. 01:11 PM | Likes Like |Link to Comment
  • WWE's Narrow-Minded Focus Is Alienating Fans And Investors [View article]
    Edward I agree with you WWE management has been 'sloppy' in their change. Hard to believe that an efficient management team would have pulled the plug on the Network 20 minutes before launch in one of their biggest markets outside the US, the UK. That's one of the reasons WWE brought in Lou Schwartz to oversee this division. There was no true chief of digital prior when in April of this year Perkins Miller left for the NFL. He was an integral part of the startup. I suggest you drill down on the other management team including Elana Sofko and Roberto Levin. The team gathered now have the experience to insure that the Network runs on all cylinders instead of a few.

    In your doubting that WWE will expand it's global reach with the Network off the internet internetlive . com show over 3.03 billion fans not including mobile devices versus cable subscribers over 900 million. With this wide exposure and the new cable network contracts in countries they had minimal to no exposure to in the past (see above), it's only a matter of time when avid wrestling fans subscribe to the Network. I was in Mexico the other day and sports bar after sports bar had the WWE cable outlet on their big screens. Critics point to only the obvious failures in the start up and lack vision as to the big picture.

    Finally on content, I subscribed in August and agree with your comments above. But content has improved substantially and I suggest
    Nov 22, 2014. 12:26 PM | Likes Like |Link to Comment
  • WWE's Narrow-Minded Focus Is Alienating Fans And Investors [View article]
    Edward there was a time Major League Baseball was dying. A time Professional Football was dying. Wrestling has been around as long as both those sports (although wrestling is just entertainment). Also, if every change in a business model was evaluated within one year of the change with positive results expected immediately, my initial investment in Facebook would be deemed a failure. Facebook had to monetize a segment of their enormous base and eventually did so with mobile. WWE's new model not only takes advantage of cable deals but with the Network opens their universe to the hard core fan worldwide that they would not have been exposed to. The majority of negative reviews of the Company focus on how they cannibalized their existing PPV base, but fail to state why. It's not the hare who wins the race.
    Nov 20, 2014. 11:25 PM | 2 Likes Like |Link to Comment
  • WWE Network's Temporary Free Price Is A Last Ditch Effort To Grow Closer To Netflix [View article]
    Michael the one thing we do agree on is the product is overexposed. This leads to only hardcore wrestling fans subscribing to the Network.

    Do you or anyone have a stat on how many hardcore worldwide wrestling fans there are? Or how many more households of hardcore fans WWE is now exposed to due to going over the top?

    As far as Lemelson, or in fact myself, not being wrestling fans but investors, we would look less at the small picture and focus on the big picture. The product might be inferior, but all that does is show us financials numbers that only can be improved on. I see plenty of cash in the bank (with the $50 mil injection) and an almost 4% divvy guaranteed for sometime to come. With a heavy investment in the Network of $75mil, the balance sheet actually is in pretty good condition to support any continuing losses that should end with this upcoming quarter. As PPV's were on the downswing, McMahon had to make a choice of either going to a cable network or OTT. The cannibalization would have happened in any event, but taking advantage of technological advances is a prudent move. The fact that WWE was ahead of the curb with CBS and HBO following shows the direction of the market. Keep your cable but add to your revenue with hardcore fans. One of my other focuses is the management team that you do not see. Check the backgrounds of Elana Sofko, VP Digital Content, Strategy and Ops and Roberto Levin, Sr. Manager E Commerce Marketing to just to name a few. Hiring Lou Schwartz as Chief Digital Officer fills the void when Perkin Miller left in April to the NFL. You need a Chief to provide direction to the tribe. It becomes more than just numbers short term where you focus on where they are going and what it takes to get there. I see the pieces coming in place despite how many mistakes they made along the way.

    Michael I appreciate your feedback as it provides the other side to what I need to see. Having a large investment in WWE I definitely need to see both sides.
    Nov 16, 2014. 01:56 PM | 1 Like Like |Link to Comment
  • Needham's WWE Analysis Is Grossly Overestimating Future Revenue [View article]
    Ryan that's the US stats only for the USA Network. Doesn't cover other countries that pick up the broadcast abroad.
    Nov 16, 2014. 12:58 PM | Likes Like |Link to Comment
  • WWE Network's Temporary Free Price Is A Last Ditch Effort To Grow Closer To Netflix [View article]
    Michael from your article it appears this 30 year old company will soon be out of business. As most pundits and software programs evaluate financials comparing past results to the present, much of your analysis is thrown out the window as the model has changed and only time will tell if it will work. Emmanuel Lemelson is the best evaluator of WWE model, stating he does not believe that WWE will hit their sub count and that the value of the global franchise (traditional media plus network) plus management making necessary cuts will eventually bring the out the long term value in the company. He's the only one who I know shorted the stock at the top and then reversed when it hit bottom. His short analysis was nothing short of brilliant. He hasn't said anything recently, but felt a few dollars up or down mean little. He's looking at the long term. He's also rated as one of the top performing hedge fund managers.
    Nov 14, 2014. 11:52 PM | Likes Like |Link to Comment
  • Needham's WWE Analysis Is Grossly Overestimating Future Revenue [View article]
    Chris the WWE model has changed with the Network. Combining both Television and the Network is much different than when WWE just had TV and PPV. The new TV deals lead to greater exposure of their product in certain countries. The Network is designed for the hardcore wrestling fans and eventually whatever was lost on PPV will be gained on the Network and then some. The base subs will eventually stabilize. Everyone is speculating now and only time will tell how effective the WWE strategy is. Bottom line WWE will have more global exposure due to the Network than they ever had.
    Nov 14, 2014. 12:23 AM | Likes Like |Link to Comment
  • WWE CFO Discusses WWE Network During Wells Fargo Media Conference [View article]
    Chris very good article. But to be fair to Barrios the moderator was the one asking the majority of the questions and it should have been 1 hour instead of 30 minutes. Still surprised at the markets negative reaction to this conference. I can't remember when any of my stocks have been hit so hard by an investment conference. George needs to get out there again after the 4Q and let investors know more. Will look to buy more if it dips into the mid-11's. Can't focus on the short term as I'm not a trader. Appreciate again how you evaluated the conference.
    Nov 14, 2014. 12:08 AM | Likes Like |Link to Comment
  • WWE Could Be In Trouble As Network Struggles To Meet Expectations [View article]
    Dave one month is not a whole pizza, but 1/12. The whole store is giving cable outlets free access to WWE events, free attendance to events, free action toys, free movies and free everything connected to WWE. Didn't happen and will not.
    Nov 2, 2014. 03:47 PM | Likes Like |Link to Comment
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