CNBC Knocks Pro Wrestling Fans & WWE Stocks, The Big Show Set For Post-Chamber Raw

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- 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.”

– 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.

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  • http://www.ring-rap.com/ Jay Ciaravino

    It seems very odd to me that they would knock a product that they pay to have air on their networks. Shooting yourself in the foot much?

  • Nick Mancuso

    This kind of talk about wrestling is stale and offensive…. Everyone knows it is scripted. It is a unique program that treats it’s events as if it were real and is presented as such, but is obviously not. Why is a wrestling program any different than watching a “normal” tv show like Breaking Bad or Curb Your Enthusiasm… OBVIOUSLY wrestling does not reach the levels of creativity and writing, but comparing it to a non-scripted sport like football is just idiotic. Wrestling is just tandem gymnastics/weightlifting mixed with character driven scripted material…. (unless you’re watching the Great Kahli then it’s all chops and incoherent babbling)