I'm not going to vote your story down, because it was interesting reading about WWE. However, I think your reasoning is a bit flawed on this one. The safety of a dividend tells you nothing about whether the current price provides a significant margin of safety. I'd argue that with the popular rise of mixed marshal arts, that WWE is going to be facing increased competition in the future. I just read an article in the Washington Post Express that talked about how regular folks are getting into mixed marshal arts by signing up for classes. Apparently, it is a great workout. Hmm, that gives me an idea...

George,
I didn't write this, but I'll certainly pass that along to the author.

The point of that was that billytickets (?) seems to have a problem with me, because every single thing I submit, he votes down.
Just an observation.

Best,
James

this is a pretty interesting aspect to look at. I agree with George though, MMA seems to have the momentum and I think the popular fad for WWE left when The Rock left. You can see more evidence of the MMA popularity through some of the new Hollywood movies that are coming out which are featuring MMA tournaments.

WWE has been around for a while, but I think if more players pick up on MMA, especially in terms of trying to compete with UFC, they could easily eat into the WWE's market share on television.