Waddell+Reed's PBC investment has lost 59% of it's value.

[IMDAZED]

A lot of it is start up costs probably. The initial advertising campaign, buying TV time, building the brand, etc. Now that it's been introduced to the market those costs should come down.

This is pretty obvious but flying over everyone's head. W&R invested more money into the platform than what Haymon and his partners asked for exactly for that reason.

[Fetta]

My account keeps going up so keep showing me the fights.

[The Gambler1981]

They invested over 500 million dollars into this thing. What happens if the value of there investment gets to zero? They invest more money?

Yea because if they want a return such a thing would likely be required, as long as they see the possibility of something in it.

[-PBP-]

The investment group will be fine. But if this pbc investment completely flops they won't reinvest in it again and after that nobody will invest in boxing on free network tv again

Absolutely. But it's way premature to speculate on this.

[IMDAZED]

They invested over 500 million dollars into this thing. What happens if the value of there investment gets to zero? They invest more money?

It's not that simple.

The purpose of issuing these reports is to show results and, more important, provide some sort of forecast for their investors. They don't dole out money and twiddle their thumbs for three years. If they see something wrong with the model, they'll tweak. If, after three years - or even before - the outlook is bleak, they'll move on. But seven months in, PBC is using the money they were given to start up their investment. Which is why this talk of "losses" is silly. If I give you a $1,000 to start a website and you spend $750 on the design and are now recruiting writers, marketing, etc., I'm not pulling out my hair asking, "What are you doing??" Because the answer will be, "What I'm supposed to be doing." Your question won't be answered in two quarters.

[Dr Rumack]

NSB right now

[Larry the boss]

Bruh...look at the top holdings of one of the funds:
Top 10 Equity Holdings
(as a % of net assets as of 9/30/2015)
SABMiller plc
2.39%
AIA Group Ltd.
2.31%
Citigroup, Inc.
2.26%
Phillips 66
2.25%
Coca-Cola Co. (The)
2.13%
Home Depot, Inc. (The)
2.10%
Cognizant Technology Solutions Corp., Class A
2.10%
Kraft Foods Group, Inc. 1.99%
Microsoft Corp.
1.97%
Adobe Systems, Inc.



PBC ain't even 1% of the portfolio. It's like a pimple in an elephants ass to these guys.

Exactly..what a stupid thread

[Jc8804]

I weng to the alexander /martinez card in phx az. They gave me 12 tickets. All I had to do was pay 6 dollars tax fee for arena dues.

Everyone there at the fight I knew.
It was everyone from The phx gyms with the same tickets. They were given free. The arena charged you 6 dollars.

I could have gotten 10 more.

When we sat in our seats the arena was empty.by the time alexander came out
It was 35 percent full. And they asked everyone to come sit closer and fill the
Close seats..

We then sat ringside like 5 seats from adrien broner 1 row behind him.

Pretty much it was 6 dollar tickets with about 3 thousand people . An espn telecast
With selby vs montiel and alexander vs martinez. That had to be a good size loss

[boxinghead530]

Yea because if they want a return such a thing would likely be required, as long as they see the possibility of something in it.

I hear yea. But to me it's less than a year old and they have burnt through almost 60% of the investment. Sponsorship are not there yet. They overflooded the market with boxing which meant many subpar matchups. You hear nothing about pbc on these networks. You don't see any advertising anywhere. Also you have to show invester progress if you want more money thrown at it. And IMO they have been regressing instead of progressing.

All I'm saying if this trend continues which i truly hope it doesn't, boxing on network tv can he gone forever.

[AddiX]

It's not that simple.

The purpose of issuing these reports is to show results and, more important, provide some sort of forecast for their investors. They don't dole out money and twiddle their thumbs for three years. If they see something wrong with the model, they'll tweak. If, after three years - or even before - the outlook is bleak, they'll move on. But seven months in, PBC is using the money they were given to start up their investment. Which is why this talk of "losses" is silly. If I give you a $1,000 to start a website and you spend $750 on the design and are now recruiting writers, marketing, etc., I'm not pulling out my hair asking, "What are you doing??" Because the answer will be, "What I'm supposed to be doing." Your question won't be answered in two quarters.

It would be silly if we saw some kind of sign of improvement, but were not.

Ratings are dropping, Haymon hasn't figured out how to build stars, and NO ONE gives a flying fck about PBC, and they still haven't secured sponsors.

Look at PBC's upcoming schedule, you really think those crappy fights and bunch of nobodies are going to move the needle for PBC? Fck no...

They wanted PBC to be like UFC, where fans tune in just because it's UFC. That will never happen in boxing.