Thread: Ratings Thread
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Old 02-15-2017, 01:17 PM   #167
The CyNick
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Quote:
Originally Posted by BigCrippyZ View Post
I love how Cynick ignores all of this, in particular the convertible note aspect. Granted, I'm not surprised, because most people here don't know or fully understand the intricacies or consequences of a convertible note, especially the one referenced here. Cynick claims to "truly understands the business" but doesn't address this critical aspect of it because he can't refute it and in fact doesn't "truly understand the business". So great.
I'm happy to have that debate, since I've done this as part of a start up. I would guess the finer details would go over the heads of most here. I'm curious, how you feel the convertible note will hurt the WWE going forward? I'm a free market type of guy (crazy, right?), So to me if the market has the stock at or near us 52 week high, that would indicate investors are not concerned.

Which ties into the over arching debate about WWE ratings. I've always conceded, yup they are down, can't deny that. But the context of being down is important. They have a very strong social media presence, the network continues to grow, rights fees for TV properties continues to increase. These are all measures that actually contribute to the bottom line of the company. One of the most under reported stories of 2016 was that NBCU in conjunction with WWE added 50+ blue chip advertisers. That coupled with their strong performance relative to other cable properties and other USA properties should result in a healthy rights fees deal in a couple years.
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