This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

WWE, Oshkosh Ready To Slam Bears, Says Fund Manager

Stocks in this article: ICMAX WWE AHL OSK RGS

Shares of wrestling promoter WWE (WWE) got slammed last Spring when the company cut its dividend, but Mark Travis, portfolio manager for the Intrepid Small Cap Fund (ICMAX), says the stock is ready to get up off the mat.

"You have a clean balance sheet and $170 million in cash," says Travis. "The perception is that WWE wrestling events are suffering due to a weakened consumer, and while there may be some truth to that, you also have the TV contracts which mitigate the ticket sale volatility."

The $657 million fund, which garners 5 stars from Morningstar (MORN), has returned 5% over the past year, better than 88% of its peers in the small value category. Over the past three years, the fund has returned an average of 15% annually, outpacing 99% of its Morningstar rivals.

With the peak of hurricane season drawing to a close and Hurricane Irene causing less damage than anticipated, Travis likes Aspen Insurance. He says the stock is attractively priced, trading at 0.5 times book value, while offering a healthy 2.7% dividend.

"I think for someone with a two to three year investment horizon, it's an attractive security," Travis said.

Trading at four times trailing earnings, Oshkosh (OSK) is another top pick for Travis. The maker of fire and military trucks has been pressured of late as municipalities and the military have cut back due to budget pressures, however, Travis believes that interest from billionaire investor Carl Icahn will push shares higher.

And while people cut back their spending during a recession, they still get haircuts, which is why Travis is holding shares of Supercuts owner Regis (RGS).

"They have over 12,000 units across the country and internationally and we think with Starboard agitating for board representation that the company's stock will climb into the high teens," says Travis.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs