WWE is still a freight train, and remains a long-term investment idea for its impressive yield in a non-utility/REIT/consumer staple sector.
Here was my original thesis in August 2012.
Granted, I took a piece off of my long-term position prematurely, given how ferocious the rally has been.
Still, headed into 2014 the stock must clear $20 to work towards a multi-year fresh uptrend. Since the stock IPO’d back in 1999, it has been a torturous downtrend and fair money wasteland.
For now, the weekly chart is showing a high/tight bull flag breakout.
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That thing has been a monster, and you have been all over that with your thesis earlier in the year. Well done brother.
Thank you, partner. It’s been a fun ride.
Great under-the-radar play
Thanks Paolo.