Deep Dive: Nick Sciple Discusses World Wrestling Entertainment (WWE)
We brought back Nick Sciple from the Motley Fool this week to discuss a very fun company: World Wrestling Entertainment, otherwise known as WWE. Here are some questions we asked Nick about the company/stock:
How did you find WWE (the stock)?
How does the WWE business work? What are investors buying?
What are the similarities and differences to other sports leagues?
Talent is key in sports leagues/entertainment. What risks are there to WWE’s business if they lose top wrestlers to retirement? Is there a funnel of new ones ready to come in?
The Live Events business grew rapidly in 2021 with the pandemic reopening. How big can this business get within the next three to five years?
Who does WWE actually compete with?
Do you worry about there being a ceiling to growth given how it is a niche sport?
Thoughts on valuation and capital return to shareholders
What could go wrong with an investment in WWE?
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Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.