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Thursday, October 19, 2006

Cramer Interviewed Vince McMahon of the WWE

World Wrestling Entertainment (WWE) has been a stock was down for a while and its yield is over 5%. Cramer wondered if Wall Street has overlooked or just ""dissed" the company.

He decided to Interview Vince McMahon on video conference. Cramer asked about what is going on internationally, and McMahon said this may be the biggest US export. McMahon said national attendanc was actually down at events but the international audience more than makes up for it. Cramer asked McMahon about 2 movies, McMahon said they have some downside protection and they keep their own intellectual products. He said Spain, Italy, Portugal, Philippines are all growing. Cramer said that the future seems brighter than the past and Cramer thinks the dead-money past performance is about to change. He said you should even do a "Mo'm-Back" and buy it before this changes.

Oddly enough, Cramer didn't ask any guidance questions or real financial questions. WWE traded up 3.2% today, so we'll have to see how it performs on Friday.

Jon C. Ogg
October 19, 2006
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