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Post by willywonka666 on Jan 7, 2014 13:00:59 GMT -5
Is this what's best for business?
according to PWmania
Stephanie McMahon sold 69,893 shares of WWE stock on January 2nd and January 3rd for a total of $1,123,121. She has 70,107 remaining shares.
I don't deal with stocks, but this sounds weird.
Thoughts?
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Deleted
Deleted Member
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Post by Deleted on Jan 7, 2014 13:11:49 GMT -5
Evidently, she's been selling off huge chunks of stock for months to build a mansion. Maybe she figures she'll inherit Vince's so she doesn't need hers.
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Allie Kitsune
Crow T. Robot
Always Feelin' Foxy.
HaHa U FaLL 4 LaVa TriK
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Post by Allie Kitsune on Jan 7, 2014 13:11:54 GMT -5
From what I remember, when a McMahon sells off their stock, those shares instantly convert to non-voting shares, so it means nothing in the long run.
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PKO
King Koopa
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Post by PKO on Jan 7, 2014 13:14:01 GMT -5
After all she's sold in the past few months, I'm surprised she has any left.
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Chip
Hank Scorpio
Slam Jam Death.
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Post by Chip on Jan 7, 2014 13:16:03 GMT -5
Isn't this the third time now she's sold a large chunk of shares?
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Post by WorkingInAColeMine on Jan 7, 2014 13:16:06 GMT -5
IT MEANS PANIC
IS TNA BUYING WWE?
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Push R Truth
Patti Mayonnaise
Unique and Special Snowflake, and a pants-less heathen.
Perpetually Constipated
Posts: 39,319
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Post by Push R Truth on Jan 7, 2014 13:18:06 GMT -5
Well... when your salary AND stocks are based in the same company, it's not the worst idea to invest elsewhere.
Eggs in one basket and all.
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Sparkybob
King Koopa
I have a status?
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Post by Sparkybob on Jan 7, 2014 13:20:18 GMT -5
Yup I don't see this news as anything too important.
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Post by Amazing Kitsune on Jan 7, 2014 13:28:11 GMT -5
It seems like this is a news story every other day.
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thirteen3
Dennis Stamp
posted with a broken freakin neck keyboard
Posts: 3,821
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Post by thirteen3 on Jan 7, 2014 13:28:13 GMT -5
How is she still principal owner of the wwe then?
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Post by tigermaskxxxvii on Jan 7, 2014 13:30:06 GMT -5
After all she's sold in the past few months, I'm surprised she has any left. I thought she sold it all in 2001 to have the money to buy ECW. Which in retrospect, do you really need to sell all of your WWE stock to buy a bankrupt company (especially when they went from chapter 11 to chapter 7)? |
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Lancers
El Dandy
Oh you
Posts: 7,951
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Post by Lancers on Jan 7, 2014 13:37:23 GMT -5
I think these shares are imaginary.
Steph: "I want to sell nine snillion shares."
Stockbroker: "Very well. You still have eleventy whillion shares at your disposal."
Steph: "I have THAT many still? You know what. Momma wants to buy a yacht and call it The Filthy Slut. Instead of the nine snillion, make it two thoundred chillion."
Stockbroker: "Sounds great. Here's a piece of paper written in crayon that indicates this transaction has occurred."
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Crappler El 0 M
Dalek
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I'm a good R-Truth.
Posts: 58,479
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Post by Crappler El 0 M on Jan 7, 2014 13:41:54 GMT -5
WWE stock is supposedly doing very well right now on the verge of the announcement of the WWE Network and the plans to seek big TV deals since their TV deals are about to be renewed. Steph's numbers people are probably telling her this would be a great time to sell some of her shares.
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Post by slappy on Jan 7, 2014 13:57:25 GMT -5
I think these shares are imaginary. Brass rings, shares, what's next? |
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Rican
Bill S. Preston, Esq.
July 17, 2011 - HHHe called it
Posts: 16,508
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Post by Rican on Jan 7, 2014 14:25:47 GMT -5
Big Show making bad investments again.
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Post by Cela on Jan 7, 2014 14:31:01 GMT -5
WWE stock seems to double and then fall every few years. I sold mine in anticipation of this pattern.
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Deleted
Deleted Member
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Post by Deleted on Jan 7, 2014 16:20:48 GMT -5
Selling them just before they announce the Network seems odd, but it could mean there's more to the value of the stock *just* before a huge announcement (which could, honestly, cause a sharp uptick or downtick in trading)......
Or she's insane.
Really could be either or here.
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Post by Hit Girl on Jan 7, 2014 16:22:20 GMT -5
She should invest in Gold Coast. I did, and I made millions.
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Snowman
Dennis Stamp
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Post by Snowman on Jan 7, 2014 16:24:21 GMT -5
Did she sell them to Lucile 2?
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Deleted
Deleted Member
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Post by Deleted on Jan 7, 2014 16:39:40 GMT -5
Stockbroker: "Mrs. McMahon-Levesque, these aren't stocks at all. In fact most of it appears to be toilet paper....some of which has been soiled."
Stephanie: "That makes it worth more, right?"
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