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CNBC Knocks Pro Wrestling Fans and WWE Stocks, Big Show Scheduled for Post-Chamber RAW

– We noted before that Big Show would be missing the February 24th post-Elimination Chamber RAW because he would be appearing at Carl Casper’s Custom Auto Show in Kentucky that same night. WWE has corrected their listing for Big Show’s appearance and that will be taking place on Friday, February 21st, not the 24th. Big Show is still scheduled for RAW that night.

– CNBC has an article up predicting that WWE stock will belly flop, despite the rise over the past year and the launch of the WWE Network. They wrote about pro wrestling:

“Good news for “professional” wrestling fans: No, it’s not actually real. However, now you can enjoy wrestling 24 hours a day, seven days a week from the comfort of your parents’ basement.”

Portfolio manager John Stephenson said the following about WWE stocks:

“I think they’re already on the top rope after that 111% increase last year. There’s nowhere to go but down. The core business is just deteriorating. You don’t have enough young men looking at wrestling with its scripted program. You’re looking at a model that’s in decline and valuation is stupidly high.”

  • JAckh45

    “What a pencil neck geek!”

  • Elvis Dolinski

    That writer is retarded, but then again if I was a writer and someone told me to cover a story I didn’t like, I could bury them too, but thats just me. Wrestling will always prevail, and having a channel for wrestling makes sense, Oprah did it, and she bombed for the longest time,I just checked out the ratings and she’s killing it again, it took some time and WWE will go through the same growing pains, but I’m sure it will pick up steam with the added PPV’s, original TV, and the Library that goes for quite some time. WWE will always stay ahead of the curve, even if it means selling out and keeping it PG for the time being.

  • Kakarotto

    I do not agree with CNBC’s choice of words but their points hold merit. The core business of WWE has deteriorated as the viewing preferences have mutated over the past few years. Internet piracy has led to a drop in their TV viewership as well PPV buyrates. I don’t believe that launching a WWE Network has any valid upside for the company. It has XFL 2.0 written all over it. Share price will also take a dive eventually. Mere hype and speculation will inflate it for only for a short period of time.

  • Clarence Black

    Funny ppl has to come to wrestling site to know was cnbc saids

  • Myers 1031

    I am not insulted by that comment, I am embarrassed for whoever wrote it. It clearly shows how ignorant that writer for CNBC is.