Premier said:
I love that Em's investment philosophy begins and ends with "this stock was high once, and now it's low, so obviously it will be high again".
This is simply the market correcting itself. If the numbers are available I do know a good deal of accounting equations to tell me details about the finances of that company. Debt to Equity ratio being your go-to-guy here. Might glance at cashflows.
But when something like WWE pops up, it's a no brainer. So a few months ago it was worth $30.00 and then it drops to $11.00 a share? You want me to believe that the stock is worth 2/3 less than before, why? I refuse to believe that because fundamentally nothing has changed. The reason why I think this is such a great buy is because we saw this thing rocket up to $30.00 a share previously.
People have confidence in this stock. I think it will be awhile before we see if the WWE Network is a success of a failure.