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Shares of World Wresting Entertainment (WWE -9.1%) are slammed ~10% on downward Q4 guidance...

Shares of World Wresting Entertainment (WWE -9.1%) are slammed ~10% on downward Q4 guidance ahead of the company's Feb. 10 earnings report and failing to explain reasons for the shortfall. The firm has felt the pinch of consumers cutting back on discretionary spending, and it may finally need to cut the "outrageous dividend" that has blunted its growth potential.
Comments (1)
  • Hubert Biagi
    , contributor
    Comments (703) | Send Message
     
    Looks like Meredith Whitney is too busy dishing the banks, forgot to look in her own backyard, lol...
    24 Jan 2011, 02:35 PM Reply Like
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