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Annual Report

Annual Report. World Wrestling Entertainment (WWE) Don Gordon 002 Link to corporate Site: http ://corporate.wwe.com/investors/overview.jsp. EXECUTIVE SUMMARY.

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Annual Report

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  1. Annual Report • World Wrestling Entertainment (WWE) • Don Gordon • 002 • Link to corporate Site:http://corporate.wwe.com/investors/overview.jsp

  2. EXECUTIVE SUMMARY • After completing my own annual report of WWE, I would definitely recommend this stock to anyone. After WWEs main competitor WCW folded it has given WWE an uncontested legal monopoly on the wrestling trade not just in America but globally. • Link to Report: http://ww3.ics.adp.com/streetlink_data/dirWWE/mis/HTML1/default.htm

  3. INTRODUCTION • CEO: Linda E. McMahon • Corporate HQ Address: WWE • 1241 East Main Street • Stamford, CT 06902 • Ending Fiscal Year Date: 4/30/2005 • Product/ Branding Line: WWE merchandise, TV shows featuring live wrestling performances in front of a large audience, and movies. • Main Market: North America

  4. AUDIT REPORT • IND. AUDITOR: D. Eloitte & T. Ouche LLP • Auditor Report: All information and material in the provided report is presented fairly and accurately.

  5. STOCK MARKET INFO. • Latest Trading Price: $16.31 • 52 week range: $9.91-16.93 • Dividend Per Share: $.24 • Date of Above Info: 3/5/2005 • BUY.. I just happen to be a proud shareholder of WWE.

  6. SINGLE STEP PROFIT FOR WWE HAS MADE A VERY NOTICABLE INCREASE EACH YEAR. Income Statement

  7. Industry Situation and Company Plans • WWE is planning some major expanding in the present and most definitely in the future. Currently the WWE has already invaded most of the globe VIA TV. Countries in Europe, Asia, Canada, and Australia are all in the planning to have regularly scheduled annual events held in their countries. Besides global expansion the WWE is going to the silver screen with its upcoming movie about WWE superstar Kane, titled Kane: Evil Unearthed. • Sources: http://ww3.ics.adp.com/streetlink_data/dirWWE/mis/HTML1/004.htm • My friend and I were at the movie theater the other day and saw the movie poster Kane: Evil Unearthed. I easily saw this as a new branding technique by WWE.

  8. Balance Sheet • A= L+SE • 2004: $454,344= 101,239+353,105 • 2005: $441,405= 65,871+375,534 • There was a pretty nice increase in SE from 2004- 2005. It was Liabilities that moved the most from 04-05 decreasing from $101,239 to 65,871.

  9. STATEMENT OF CASH FLOWS • Cash flows are less then NI over the past 2 years. • Not growing by buying real-estate or others, because WWE is a traveling company only permanent structure is Corporate HQ. • Primary source of Financing: Selling of Stock • Cash has Decreased

  10. ACCOUNTING POLICIES •  Cash and Equivalents —   Cash and equivalents include cash on deposit in overnight deposit accounts and investments in money market accounts. • Inventory —   Inventory consists of merchandise sold on a direct sales basis, and videotapes and DVDs, which are sold through wholesale distributors and retailers. Substantially all of our inventory is comprised of finished goods. Inventory is stated at the lower of cost (first-in, first-out basis) or market. The valuation of our inventories requires management to make market estimates assessing the quantities and the prices at which we believe the inventory can be sold. • Source: www.shareholder.com SEC filing WWE

  11. FINANCIAL ANALYSIS & LIQUIDIDTY RATIOS • 05 04 • WORKING CAPITAL: $278.1 (mil) 265.2(mil) • CURRENT RATIO: 5.25 4.08 • RECIEVABLE TURNOVER: 5881 times (na) • AVG. DAYS SALES UNCOLL: .06 days (na) • INVENTORY TURNOVER: 222.9 216.5 • AVG. DAYS INV. ON HAND: 1.63 1.68

  12. FINANCIAL ANALYSIS & PROFITABLITITY RATIOS • Steady growth. • 2005 2004 • PROFIT MARGIN: 13% 12.48% • ASSET TURNOVER: .75 .83 • RETURN ON ASSETS: 11.15 10% • RETURN ON EQUITY: 13.05 11.65%

  13. FINANCIAL ANALYSIS & SOLVENCY RATIO • DEBT TO EQUITY: 2005: 1.97 • DEBT TO EQUITY 2004: - • A slight increase in Debt to Equity.

  14. FINANCIAL ANALYSIS & MARKET STRENGTH RATIOS • 05 04 • EARNINGS PER SHARE: $.72 $.55 • DIVIDEND YIELD: 5.95% 4.27% • A nice increase in dividend. I love it.

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