Investment Firm CIO Believe McMahons Will Sell WWE

As noted earlier, tomorrow is the day WWE will be announcing their third-quarter 2014 results, which will include the updated WWE Network subscription figures following the Network launching in over 170 countries.

Benzinga has an article here about WWE announcing their results, with quotes from Lemelson Capital Management Chief Investment Officer Emmanuel Lemelson. Lemelson Capital shorted the stock last March before acquiring a new stake in company in April. Lemelson said that while the company has poor fiscal management, they have excellent creative management.

"The fact is you could give $1 billion to just about any management team in the world and they would have a very hard time recreating the WWE franchise -- even given nearly limitless time -- in terms of its extraordinary brand strength and customer loyalty," Lemelson told Benzinga.

Lemelson also said that WWE isn't likely to meet their Network projection of 1 million subscribers for 2014. However, he believes that it doesn't necessarily matter if they hit their goal for the Network because he thinks that "the McMahon family is interested in selling the business, thus providing shares protection from further downside."

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