When You Peak, You Win! However, I'm not Danica Patrick.
I'm mikecart1! I'm here to give you some good news that you usually won't find elsewhere. Enough with the intro. This is my buy: WWE. As a shareholder I must say I've been hit by the recent quarterly results. However, if you are aware of the WWE calendar, you know what's coming up:
WrEstLeManiA 27!!!! - April 3, 2011
Some positives with this trade:
-Currently the price is around $12.90. It hasn't been this low since early 2009 during recession. The past 5 years, the price has been generally $13.50-$14.50 range with peaks of nearly $19/share.
-The Rock has returned to guest host which is a huge plus
-The new cast of wrestlers have somewhat cemented their stay and are slowly increasing their experience as a WWE superstar
However, if you pay attention to history and with WWE, history seems to really repeat itself. We are coming up near to the May/June period. What does that mean? Well looking at 10 year history the stock as gotten a push prior to the May/June period and run up in 2001, 2002, 2003, 2004, 2006, 2007, 2008, 2009, and 2010! That means in the past 10 years, it has missed the push just 1 year! On top of that WWE has an outstanding dividend that has been consistent June 25, 2003!
So in a market that seems hard to find sure bet stocks, could WWE be that sure bet? I'm guessing $14 or so in the next few months. Compared to $12.xx that is about a 10% increase in a relatively short time.
Cena likes to say U Can't See Me. I might not, but I can surely see WWE!