I'm not putting my life savings in or anything dumb like that haha. Just put a good 50 bucks in and potentially see it rise gradually throughout the next year if I'm smart enough. I know that betting on wrestling is kinda stupid, but I'm still interested.
Any recommendations?

Just looking at the odds for tonight
For the rumble they've got triple h as favorite then Roman and the Brock with bray 4th. Bryan is 16/1
Are they usually accurate with this stuff or is the speculation that we see/read the basis for these odds?

Let me know thanka

2/9/21 Update: Additional info posted here

Funko is a good company with solid performance that is still trading at a reasonable price. Check out my DD below:
​
Funko (FNKO)
Share Price (1/28/21) : $11.97
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
Retail exclusives can grow the potential universe of licenses and increase retailer buy-in
· For example: A retailer like GameStop could lobby Funko to make a GameStop exclusive of the WallStreetBets Kid like this person suggested here. (The exclusive Pop! would be made into a limited edition and sold only to GameStop to sell at their stores)
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.
Previous DD: Herman Miller

2/9/21 Update: Additional info posted here

Funko is a good company with solid performance that is still trading at a reasonable price.
Check out my DD below:
Funko (FNKO)
Share Price (02/01/21) : $12.90
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
Retail exclusives can grow the potential universe of licenses and increase retailer buy-in
· For example: A retailer like GameStop could lobby Funko to make a GameStop exclusive of the WallStreetBets Kid like this person suggested here. (The exclusive Pop! would be made into a limited edition and sold only to GameStop to sell at their stores)
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.
Previous DD: Herman Miller

So, apparently, WhatCulture made a list about "Top 10 most boring wrestlers in 2020"
And apparently, some IWC members had problem with this.
I found out about this in this video (by a guy that has not that many subscribers and is pretty hilarious, so I wanted to shout out) so sorry that I am late a week or two.
In this video I saw some responses which were very negative, and I googled up and apparently..yup, this was a big deal for some people in the IWC
One comment caught my eye tho.
"We leave whatculture in 2020"
A comment which was obviously a meme comment to voice the displeasure of the list.
But that's not my point.
The point is...
People hated WhatCulture's list
If they make 3 more lists like this...They'd lose fans.
If they lose fans. They'd lose clicks.
If they lose clicks. They lose money.
If they lose money....
...yeah.
So, you can bet your ass that WhatCulture will try their best to make a list in the future that won't give them the same response.
And....this is how echo chambers are created.
A random writer might say "Hmm..honestly? Kenny Omega is kinda boring, let's put him on #10"
But the same writer will say "oh shit..umm..people like him...better replace him with..umm..Miz? yeah, Miz, who cares about him"
Aaaand..the list is no longer legit! It's currated and edited so it can make people happy!
Next time they might make a list saying "The top 10 wrestlers of 2020!"
And the writer might say "Yeah, listen Kenny Omega had a great december, but for the rest of the year he was in tag teams, and there were a lot of amazing solo wrestlers, so let's not put him in this list"
...but that won't give them money.
And not only that...IT WOULD GIVE THEM NEGATIVE exposure.
So the writer, obviously cares about his job and his company and he'll ha ve to put Kenny Omega on a list.
But...the writer is smart.
If he puts him in the 8th, 9th or 10th spot...people would overreact.
So...he has to put him on a high spot...just so people will click and give the company props/clicks/money
Let's say he'll put him at #3.
And voila.
The list exists.
And now we go to the other part of my story.
Somewhere, some person in the world starts watching wrestling.
He is watching Kenny Omega for few months and he is not too impressed (btw, I am using Omega cause this place would have no problem with it, and he's the pefect for this example)
So...he'll google around and he'll see that WhatCulture put him as #3 on the list of best wrestlers (mind you, the same list that was not legit, and was put by a writer who doesn't think he is #3, but he wants money)
So...this random viewer will say "Heh..I might be stupid for not liking him, it seems the majority loves him!'
So..this same person, will google around and find reddit.
And he'll see a random thread.
And he'll see few comments praising Kenny Omega.
And he'll want to reply "idk, I don't like him"
But...he remembered the article. He sees the reddit comments. No one wants to be hated and downvoted cause...chemicals in our brain and social aceptance. Our brains are weird like that.
So..he'll say "yeah, Omega is great, I started watching wrestling cause of him"
BOOM. 1000 upvotes and gold.
And...this random person is doing the same thing the writer did above.
This is how echo chambers are created.
This goes for many wrestlers.
You go to a RAW show. "Real" life, not internet.
You want to cheer for Roman.
But people boo him. You don't want to go against the majority. So you boo him too. But you like him.
The person next to you? He likes him too. But he wants to boo cause..well..the internet told him it's cool.
Why did the internet told him it's cool? Cause the vocal minority told the website "if you don't put Roman on the top 10 uncool wrestlers we won't visit your site"
And it's a vicious cycle.
Now, don't get me wrong. 95% of opinions are fair. People like what's good and dislike what's bad.
But in 5% of the opinions in the IWC, everything seems to be.."manufactured" for likes and dislikes.
Same goes for "The Experience" podcast. You listen to it so you can hear Jim shit on something. Maybe he likes something? Well, people expect from him to hate a certain segment and he wants the money so he'll shit on it! (again, I am not saying this is true for anyone, I am just using examples!)
And this really annoys me, cause the more you push a certain idea...the more extreme it becomes.
Remember how in 15 years we went from:
WWE has some great guys, the mid-card/tag/whatever is solid but I hate Cena and Evolution
to
Cena ruins this company, I love the legends, but Cena is terrible
to:
Roman is overpushed, but the roster is stacked, the future will be amazing
to:
WWE sucks. Watch other companies instead.
And now you're at a point where the majority of the IWC is an echo chamber where you won't find a person who says the opposite of the majority.
Same goes for this place, don't get me wrong. No offense, but in thise place sometimes people hate to see AEW praise or WWE hate.
The IWC became a machine which feeds on certain opinions where everyone who dares to go against it is doomed.
You think WhatCulture will have the same ammount of viewers if they suddenly said "Yeah, thie last 5 episodes of AEW were trash, RAW was on a streak, we loved it! ?
No. Which is why they do what they do (and again, the examples are above are just examples not my opinion)
So yeah, like I said 95% of the time people have the real opinion. But when it comes to the top..it feels that everything is manufactured.
People hating on Charlotte is the best example for this when she IMHO has been the best woman wrestler for the last few years. But people would HATE if she wins the rumble instead of someone with 0 reason to do so like..Kacy Catanzaro or god knows what.
And WWE has to book around it too!
"Umm..we want Roman to win the Rumble..but people will hate..soo..let's have __ win the Rumble and ROman get a title shot at the next PPV?"
I am so glad that AEW exists at the moment, cause they'll have to do one of two things
A) Book the way smarks want you to
B) Book the way it should be done
If they go the A route...it will be a literal example that if a comapny listens to the vocal miniroty they are going to die a terrible death, and if they go the B route, they will do A LOT of things that WWE is doing.
Sorry for the long text, I sometimes like writing long stuff like this to unwind haha

Hey all, independent wrestling is a huge part of my wrestling fandom. I remember seeing Combat Zone Wrestling on a local channel back in 2001 or so and was immediately hooked. I'd watch that and NWA Wildside weekly until they'd disappear from the channel and eventually, it'd become a religious channel. I'd also get glimpses of Ring of Honor and PWF, which was Steve Corino's fed based out of PA
Since then, my love and interest in the indies has continued to grow and now, it's easier than ever to get into the indie scene. As well as, being able to look at the history of the scene. With that said, I wanted to talk about some of the more important indies over the past 20 years. As the scene really evolved and became more and more noteworthy with the rise of promotions like ROH and CZW, as well as the internet offering more discussion and a way to get their products out there more with sites like Smartmark or ROH's site where people could buy DVDs and see what the hype was about.
So I'll be covering promotions, giving a brief history of them, and sharing where you can watch their content. As most of these are available through streaming services. I'm not a massive expert on them mind you, but definitely will do my best to talk about them. Most of them you may know, some you might not.
Why do I think you should check out indie wrestling? Personally, for the past 20 years it has been a breeding ground of talent. Guys like Punk, Joe, Bryan, Aries, Cole, Kendrick, and countless others cut their teeth on the indies. Not to mention the countless others who never made it to the WWE for one reason or the other. It has been a place of innovation, it was and still is an alternative that offer something different than the WWE and AEW to a degree.
People see talent like Max Caster, Bear Country, KTB, and others on Dark and they rave about them. Well they came from places like Beyond and Game Changer, where they were grinding and working on getting to that next level. So why not see where they come from? But that is just my opinion.
I understand that indie wrestling isn't for everyone. However, I think to a degree that people dismiss it based on clips that highlight the more wacky or extreme side of it. The Marko and Effy dildo spot or death matches. Which there is an audience for mind you. But furthermore, the indie scene is massive and dismissing it based on a few clips is like dismissing a musical genre based on a few songs. When there is so much more it offers. Enough rambling, let's get to it.

• Ring of Honor - One of, if not the best indie feds of the 2000s. A strong array of talent that emphasised in ring ability above anything else. CM Punk, Bryan Danielson, Samoa Joe, Alex Shelley, Jamie Noble, Austin Aries, Seth Rollins, and so many more top notch talents would work there. They'd bring in some top notch international talent like Dragon Gate guys and Kenta Kobashi. Currently, they are owned by Sinclair Broadcast Company and aren't so much an indie fed anymore. They are a far cry from what they once were, especially with the departure of the Elite. But they still have some strong talent and people raved about the pure tournament they recently did.

Where to watch?
FITE.TV offers their weekly show for free, as well their PPVs, most recently Final Battle I believe. They also are on Stadium, which is on Pluto TV for free.
Your best value is Honor Club. It's far from perfect, as it doesn't have their entire back catalog and is missing some key shows, as well as their TV show from the HDnet days. But it still has a lot of content and you can at least get a decent glimpse at their heyday from 2005 til about 2010 or so.

• Combat Zone Wrestling- Founded in 1999 and set to be an even more extreme version of ECW, they'd eventually find their footing by 2001 or so. With strong talents like Ruckus, Trent Acid, Sanjay Dutt, Nick Mondo, Ric Blade, the H8 Clubs, and others they'd garner a strong following in the Philly area. Notable names like Moxley, Brodie Lee, Cole, and others would have stints there. They specialized in more ultra violent stuff, with yearly death match tournaments. But definitely had a well rounded product and 2004-2006 is a strong time period for them. Currently, they are on a hiatus, with rumors of a comeback in the future.

Where to watch?
CZW Studios, if it's still active. As they had pretty much their entire catalog. But for a better value, Highspots has a good chunk of their catalog, especially from 2004-2006. With them, you also get access to tons of other content, so it's a better option. IWTV has some of their stuff as well, including their last show they ran. But they lack bits of it here and there.

• IWA Mid South- Founded in 96 after Ian Rotten departed ECW. They'd become a juggernaut of an indie fed by the early 2000s. Giving opportunities to CM Punk and Chris Hero, among others. Lots of top talent would pass through there. Joe, Styles, Punk, Rollins, Moxley, and more. Not as strong as ROH, but definitely had a strong stretch. Ted Petty Invitational 2004 is regarded as one of the best indie tournaments of all time. Also notable for hosting the somewhat iconic Joe/Necro Butcher match. Currently they still run, but they are a far cry from what they once were, even before covid.

Where to watch?
Highspots is your best bet. Much like CZW, they have more of their heyday available. However, IWTV has their current stuff, which might be worth checking out if you already have the service. But for their prime, I'd stick with Highspots.

• CHIKARA- The brainchild of Mike Quackenbush, started out as a place for his students to cut their teeth and get experience. A mix of light hearted comedy and lucha influence. They'd expand and become a strong force on the indies, they'd peak by 2010 or and would slowly decline. Especially after they shut down for a bit and ran an angle in the build up to their return. Their King of Trios shows were incredible. They'd book and have a hand in creating some top talent like Eddie Kingston, Chris Hero, Cesaro, Colt Cabana, and others. Also, some of their students turned out really good. Currently, they shut down due to allegations during the speaking out movement and a return is probably not gonna happen

Where to watch?
If it still exists, CHIKARAtopia, they had their entire catalog and other stuff as well. IWTV also has pretty much their entire catalog and their offshoot shows from the Wrestling is catalog. A better deal for sure.

• Pro Wrestling Guerrilla- Based out of California, they'd become arguably the premier indie fed, once ROH would be bought out. Strong influx of So-Cal talent and they'd become a super indie. Tons of names crossed through their. Owens, Zayn, Cole, Gargano, Ciampa, The Bucks, Cesaro, and tons more. Currently, on a hiatus, with rumors that they might not come back. As Super Dragon apparently has no need to run anymore and Excalibur has his AEW gig.

Where to watch?
Well you can still buy DVDS from them. Highspots is the best bet, although they are on a year delay. But as of now, they are caught up. Doesn't have all of PWG, as some of their early stuff is missing. But they have close to all of it on their service .
That wraps up the notable feds of the 2000s era. There are others that had some influence like Jersey All Pro, IWA East Coast, Full Impact Pro, and others. But those 5 were, to me at least, the pillars of indie wrestling. Now we move onto the top feds of today.

• Game Changer Wrestling- Arguably the top indie fed today. A hybrid of styles, mixing comedy, hard-core, technical wrestling, and more. Their shows usually deliver with some of the top indie names today. Tony Deppen, Blake Christian, Nick Gage, Rickey Shane Page, Chris Dickinson, and more. They'd grow out of being a small promotion to being the indie fed over the past few years. They have shows upcoming and I'd recommend them.

Where to watch?
They steam mostly through FITE. They do have some shows on IWTV and they have a deal to stream some shows live through them. They also streamed their latest show , Slime Season free on YouTube.

• ICW No Holds Barred- Originally just a typical indie fed based out of New York. They'd rebrand this year with a different approach. No Holds Barred, replacing the ropes with chains and opting for more of a death match fed. They also have their Pitfighter shows, which are fights held in a UFC style cage. Not for everyone, but a cool vibe to their shows. Notable talent; John Wayne Murdoch, Akira, Reed Bentley, Alex Ocean, Neil Diamond Cutter, and Casanova Valentine . Definitely not for everyone, but if you like death matches, I'd check em out.

Where to watch?
IWTV, they have a few of their shows before they rebranded and they stream all their current shows live.

• Black Label Pro - I'm not super familiar with them. But what I've seen, they are a solid fed. Kylie Ray, Alex Shelley, The Rascalz, Tom Lawlor, and others usually populate their cards. Definitely worth checking out.

Where to watch?
IWTV is the place. They stream some shows live, as well as having a decent backlog of content.

• No Peace Underground - A unique approach to wrestling, running no ring shows out of the Sound bar in Florida. Opting for death matches for the most part, but they do have some regular matches and it's interesting to see how talent works their matches in a no ring environment.

Where to watch?
Once again, IWTV. They have a few shows up and streamed their most recent shows. Some of their stuff is so on YouTube.
And that's just a few of many. Beyond, New South, H20, and more. Most of which stream through IWTV. Ultimately, I'd recommend IWTV the most. They have deals with a large portion of indie feds past and present. As well as stuff from all over the world. Such as Sendai Girls, Big Japan, lucha feds, and others. Live shows is a huge selling point, including one tonight from H20.
Highspots is decent as well, but mostly for PWG and older stuff, they have some other indies. So it's not bad, but I think it lacks compared to IWTV.
Hope this was helpful and maybe makes you consider checking out some indie wrestling in the future.

Going through old issues of the Wrestling Observer Newsletter and posting highlights in my own words. For anyone interested, I highly recommend signing up for the actual site at f4wonline and checking out the full archives.
PREVIOUSLY:

• Observer Rewind - 1987 by SaintRidley
  
• The Complete Wrestling Observer Rewind 1991-2001
  

1-7-2002	1-14-2002	1-21-2002	1-28-2002
2-4-2002	2-11-2002	2-18-2002	2-25-2002
3-4-2002	3-11-2002	3-18-2002	3-25-2002
4-1-2002	4-8-2002	4-15-2002	4-22-2002
4-29-2002	5-6-2002	5-13-2002	5-20-2002
5-27-2002	6-3-2002	6-10-2002	6-17-2002
6-24-2002	7-1-2002	7-8-2002	7-15-2002
7-22-2002	7-29-2002	8-5-2002	8-12-2002
8-26-2002	9-2-2002	9-9-2002	9-16-2002
9-23-2002	9-30-2002

• Keiju Muto was officially named president of All Japan Pro Wrestling this week at the company's 30th Anniversary party with Motoko Baba stepping down and handing over the reins of the promotion. It marks the end of the Giant Baba era of AJPW and the beginning of the company entering the modern world of professional wrestling. This was demonstrated with AJPW's new TV show, which as expected, was announced as Muto's first new act as president. It was similar to a K-1 hype show, with highlights and interviews and a more realistic, shoot-style approach (oh god, just what Japan needs more of). Muto is working with K-1 promoter Kazuyoshi Ishii and Ishii has suggested AJPW needs to step up the entertainment aspect of its shows. The in-ring is good, but he believes they're lacking things like elaborate ring entrances and big video screens to make it more viewer-friendly. It's true that K-1 pretty much pioneered the big production presentation that both WCW Nitro and WWF's Raw later copied. Anyway, this show was all building up to a big card in November which will feature AJPW wrestlers along with K-1 and PRIDE fighters. Are we sure this new AJPW president isn't just Inoki in Muta face paint?
  
• Anyway, Muto also announced plans to run the Tokyo Dome next year and possibly run shows in the U.S. as well. Former Japanese Prime Minister Yoshihiro Mori gave a speech at the party, which is the equivalent of Bill Clinton showing up to give a speech at a WWE event. Mori is close politically with Hiroshi Hase, who wrestles for AJPW when not serving in government, so it's believed Hase pulled the strings to get Mori to speak. Motoko Baba will still have a financial stake in AJPW but has no title and will not be working in any official capacity. Even though Muto is technically in charge, Ishii has gained significant power throughout the industry and he has his fingers not just in AJPW but in K-1 and PRIDE as well, and there's a lot of feeling that Ishii is the one who is truly steering the ship. In fact, AJPW's new TV deal was mostly done as a favor to Ishii by the network. Dave finds it interesting that AJPW is evidently planning to follow NJPW's lead in mixing wrestling with MMA. That direction was a significant part of the reason Muto left NJPW to begin with, after having disagreements with Inoki about mixing the two. But MMA is the hottest thing in the world in Japan right now and that's where the big, record-setting money is, so it appears Muto is going along with Ishii's plan.
  
• Another interesting note is regarding the way AJPW is owned. Way back in the day, Giant Baba split the company into multiple subsidiary companies that own various parts of the overall thing. All Japan Pro Wrestling Inc. is the company that Muto is taking over. However there's also Giant Service Inc. which Motoko Baba still owns and is not giving up. That company owns all of the trademarks, copyrights, and merchandising rights for AJPW talent. Then there's Baba & Jumbo Inc., which is owned by longtime AJPW referee Kyohei Wada. That company owns the physical rings and stage equipment, the trucks that move the equipment from town to town, etc. Muto doesn't own that either.
  
• Vince McMahon made an off-hand remark about ECW at the latest stockholder's meeting that got some people talking about the possibility of ECW being revived under the WWE umbrella. Vince was asked about the possibility of bringing it back and said he'd like to, and give it a late-night time slot to let it run as its own separate entity. He also talked about wanting to purchase the ECW video library in bankruptcy court and talked about possibly making ECW a third brand in the future. Dave says that there's no way to make ECW viable as a brand right now. Dave thinks ECW as a brand wouldn't work. For starters, it would need to have Paul Heyman in charge because he's the only one who understands how to make "ECW" work for that cult audience. And they would also need wrestlers to carry it and right now, WWE is struggling to make people care about 2 brands without the problems adding a 3rd would bring. And would it be a touring brand? A small cult brand on a late night show doing its own tours would be a money-losing disaster. They could do it as its own TV show, but that would likely mean just filming it before Raw or Smackdown, at which point it's basically the same thing as Velocity, just with a different name. And what if it's a success? If someone gets over on late-night ECW, then you can bet your ass Vince is just gonna move them to Raw or SD so he can make money with them in prime time and tour them in big arenas. They could rename OVW and give Heyman control of that and put that on TV if they wanted, but then it's just developmental under a new name. And the reality is, ECW was a cult favorite because it wasn't WWF or WCW. The second you give Vince McMahon control of it and it becomes ECW under the WWE banner, it loses that underdog, outsider feel that made it so popular to begin with. All in all, Dave just doesn't think this can feasibly work. However, he does think there might be some big money in "one or two nostalgia PPVs." (Literally 3 years before One Night Stand and 4 years before the TV revival of ECW and Dave called every bit of it).
  
• Other notes from the stockholder's call: WWE has recently shut down its planned record label, Smackdown Records. Vince admitted it was a mistake. He talked about the new movie production studio and talked about releasing low-budget straight-to-video movies with WWE wrestlers (4 years later, we'd get the first one: See No Evil, starring Kane, which actually was in theaters). He talked about their restaurant in Times Square and said it was horribly mismanaged. Vince also talked about creating some sort of service allowing fans to view their old video library, which would be a way to make some money off the vast video library they own, which includes WCW. And, if Vince has his way, the ECW library as well (12 years later, we'd finally get the WWE Network).
  
• The next two big stories are recapping the latest UFC show (where Ricco Rodriguez beat Randy Couture to win the vacant UFC heavyweight title) and the latest PRIDE show which featured nothing notable other than Ryan Gracie breaking Shungo Oyama's arm in the main event. So on to the next...
  
• Sports Illustrated wrote a story on WWE's decline over the past year. Before going into it, Dave wants to make clear that WWE is fine. Even if things were dire, they have enough cash reserves to last a long time. And even if Smackdown ratings decline, they're still the #1 show on UPN by a wide margin. And their TV contract with TNN is guaranteed for at least 3 more years. So have no fear, all the outrage over the gay wedding angle and the lesbians notwithstanding, WWE isn't on death's door. Of course, in a few years, if ratings continue to decline and the TV landscape keeps changing, who knows what kind of TV deal they'll be able to strike next. Then it might be time to worry. But for now, they're fine. The SI story claimed the wrestling business has never been in worse shape, which is not true. Even though WWE's revenue has declined by more than $30 million this year, it's still one of the most profitable years ever. Prior to 1998, WWE had never had anywhere close to a year like that. The 80s, which many considered the boom period of wrestling, wasn't even making 1/5 of that much revenue. And yet, in other ways, the story is correct. The wrestling business is in bad shape right now, with one company holding a monopoly in the U.S. which hurts everybody. Wrestling as a whole is absolutely declining in popularity at a staggering rate. Vince McMahon was asked for comment for the piece and his only response was, "Why is a sports magazine interested in an entertainment story?" Dave thinks that's pretty funny because a huge Sports Illustrated cover story on Hulk Hogan in 1985 is partially what put Hogan on the map as a mainstream star. (If you've never seen it before, here's the full Sports Illustrated story on Hulk Hogan from 1985. And yes, if you're curious, it does indeed feature several quotes from a 24-year-old wrestling journalist named Dave Meltzer).
  

READ: Sports Illustrated 1985 cover story on Hulk Hogan and WWF

• The trial of Nicole Bass vs. WWE continued this week and has become a major headache for WWE since it's getting a lot of media publicity, especially in New York. Surprisingly, the biggest national news outlet to take Bass seriously was Fox News, which ran a big segment on the case and was one of the few not to mock Bass' appearance, saying that scripting sexual things for characters is fine but said WWE has no right to allow the exploitation and harassment to continue after the show is over. Anyway, as the trial continued, Vince McMahon continued to testify. Linda McMahon and Jim Ross were also both on call to testify, forcing both to sit in New York and miss company business. The biggest testimony this week came from Sable, who claimed that Vince promised to portray her on TV as a classy intellectual woman but instead turned her into, well....Sable. She said she left the company after she was asked to expose her breasts on television and participate in a lesbian storyline, both of which she refused to do. WWE lawyer Jerry McDevitt tore into Bass on the stand and reduced her to tears at one point, berating her about inconsistencies in her story and getting her to admit that her demand for $120 million in damages was excessive. Bass claimed that Shawn Michaels called her "mister" on Raw and she was horrified and embarrassed, but the other side argued that Bass' entire gimmick on Howard Stern's radio show (where she initially became famous) was based on the idea that they thought she was really a man. So that's where it stands now, the trial is still ongoing.
  
• OVW's big Fall Brawl show took place a few weeks ago, featuring all the top WWE developmental names and OVW alums like Lesnar, Cena, Orton, Rico, and more working matches or appearing. Dave has seen the tape and decides it's a good time to give his opinion on WWE's current crop of developmental stars. Let's make these quick:
  

• Charlie Haas - good athlete and does good moves, but not ready yet
  
• Damaja - can talk, good size, but never seems to get WWE's interest
  
• Lance Cade - looks like a young Barry Windham, young and can move but nothing about him that really grabs your attention otherwise
  
• Kevin Fertig - just another big guy who's not very good right now
  
• Travis Tomko - has an impressive look but also kinda looks like a low-rent version of Leviathan. Not good in the ring yet
  
• Matt Morgan - from Tough Enough 2, very little experience, but great look and can move well. May have star potential but it'll be awhile
  
• Sean O'Haire & Mark Jindrak - former WCW tag team champions, worse than ever. They've been taught a totally different style than what they were taught in WCW and neither of them is picking up on the WWE style at all.
  
• Rob Conway - decent worker but doesn't stand out
  
• Nick Dinsmore - also a good worker but doesn't have a look that will fit in with the WWE system
  
• Shelton Benjamin - great athlete and picked up the basics almost as fast as Kurt Angle and has a lot of potential. Slowed by injuries and hasn't shown much growth in recent months. Will probably be on the main roster sooner than later
  
• Jackie Gayda - has the star look WWE wants far more than anyone else in OVW (in other words, she's hot and stands out in a crowd). Hasn't wrestled since that match but Dave expects her to be back on TV sooner than later because of how she looks
  
• Nova - people who remember his flashy matches from ECW would think he's gotten worse, but really he's just trying to learn the WWE style and he's just kinda average when it comes to that. He's also smaller than WWE usually likes
  
• Doug Basham - good talker, good wrestler, probably the most well-rounded guy in OVW, but fairly generic look. Dave figures if they bring him up, he'll probably get lost in the shuffle
  

• Bob Sapp will be making his wrestling debut for NJPW at the Tokyo Dome next week in a match against Manabu Nakanishi. Dave says it better be a quick squash win for Sapp (nope but it turned out okay).
  
• Yuji Nagata got married this week, which is not the fun part of this story. NJPW actually filmed an angle at the wedding in which Masahiro Chono goaded him on in front of the guests, resulting in Nagata agreeing to put the IWGP title up against Kazuyuki Fujita at the Tokyo Dome.
  
• The hype for this NJPW Tokyo Dome show is still mostly built around Chyna on TV. She did multiple promos and a match on their show this week. She's still using the pedigree as her finisher and pinned El Samurai with it in a tag match. She then did a promo vowing to beat up Hiroshi Tanahashi later in the show and called him too green to be in the ring with her. Then said at the Tokyo Dome, she's going to show her shoot fighting skills and break Chono's arm and then she beat up the interviewer. In another 6-person tag match, she did indeed do some mat wrestling with Tanahashi and it was actually good. Later in the match, they did some more high-flying stuff which was mistimed, but for the most part, Tanahashi was the only person in NJPW Dave has seen that was able to get anything halfway watchable out of working with Chyna. But all in all, this is a mess and Dave can't understand what NJPW is thinking.
  
• Word is that Inoki's recent UFO-branded MMA/wrestling show at the Tokyo Dome was possibly the single biggest money losing show in history. If you recall, the crowd for that show was only about 5,000 paid, in a stadium that holds 55,000+. Dave has heard upwards of several millions of dollars were lost on this event.
  
• Riki Choshu did an interview shitting on his former employer, NJPW. Choshu said he'd watched their recent TV shows and didn't like it. Said he didn't like Chyna wrestling with Tanahashi. He said he might could look past it if she was a good wrestler, but she's not, so he hates it and doesn't like the idea of men and women wrestling each other anyway. He also predicted the upcoming NJPW Tokyo Dome show would flop.
  
• Pancrase legend Minoru Suzuki was scheduled to face NJPW star Kensuke Sasaki in a shoot fight at their upcoming event. But Sasaki isn't quite going to be healed up yet from a foot injury he's had, so instead, NJPW sent Jushin Liger to issue the challenge instead. The event is in November and will be Suzuki vs. Liger in what will be Liger's first ever shoot. Dave thinks this isn't going to go well for Liger (it does not. But it does come back around 18 years later and played a big role in Liger's last major feud).
  
• Major League Wrestling's 2nd ever show took place in New York at the Manhattan Center, the old home of Raw. It featured Chris Candido vs. Terry Funk in a match where the crowd was brutal towards Tammy Sytch at ringside and she was said to be upset at how the fans treated her. And the main event of Satoshi Kojima winning the vacant MLW title over Jerry Lynn. This is actually on YouTube, enjoy!
  

WATCH: MLW's 2nd show - 2002

• Regarding the big influx of money and company purchasing ownership in TNA, the deal still isn't finalized. But most in the company seem optimistic that it will be soon. If they don't close the deal soon, TNA's future doesn't look promising (yeah, this Panda Energy deal saved them. They weren't gonna survive 2002 if this hadn't worked out but it did, and now, 18 years later, they're still hanging on somehow).
  
• The marketing firm TNA sued a few weeks back has filed a countersuit against TNA, claiming slander, libel, breach of contract, and more. Another graphic design company also sued TNA for $56,000 claiming they haven't been paid for designing company logos and other artwork. TNA and getting sued by people they owe money to, name a more iconic duo.
  
• Notes from Raw: they spent half the episode taking shots at Monday Night Football, which came off pathetic. Trish vs. Victoria was not only the best WWE women's match in a long time, but really one of the best matches on Raw overall in quite some time. Kane beat Jericho for the IC title in a match that was pretty much a one-man show with Jericho single-handedly making this watchable. Pretty much that's it for notable stuff from this show.
  
• Notes from Smackdown: probably the best WWE TV show of the year. Edge vs. Eddie Guerrero ladder match was incredible and one of the best matches of the year, with Eddie (the heel) even getting a standing ovation when it was over. Dave gives it 4.5 stars. And then there was Benoit vs. Mysterio vs. Angle in a triple threat that gets 4 stars. Dave really hopes one of these guys will break through the glass ceiling one of these days and start being treated on par with main eventers like Undertaker and Triple H.
  
• Despite Hulk Hogan's recent claims on Bubba the Love Sponge's radio show that he has a handshake agreement only with WWE, that is, of course, not true. He does have a contract and it expires in February of 2003. Hogan only signed for one year, while Nash and Hall (who came in with him as the NWO) each signed 2-year deals. Most people expect Hogan back on TV around November since that's when his book comes out (that was the plan, but it doesn't happen that way. We'll get there). Anyway, Hogan could always go elsewhere and do other things when his deal expires, but realistically, there's nowhere else in wrestling where he can make the kind of money he demands other than WWE. The obvious way to bring him back is a feud with Lesnar, since that's who put him out. But they can't have Lesnar losing to Hogan and Hogan probably isn't gonna wanna come back just to get destroyed by Lesnar again, so they may just move on from that entirely (yup).
  
• The movie "Helldorado" that Rock is filming in Hawaii is going to have a name change. No word on the new name yet, but the script isn't changing. Just the name. Rock plays a bounty hunter who is doing one last job. One might say he's running down someone...
  
• Mike Awesome, Shawn Stasiak, and Horace Hogan were all released. They were unhappy with Awesome, feeling like he returned out of shape after being out with a knee injury. And Stasiak had been given a million chances but they finally decided he just doesn't have it. Horace Hogan never impressed in developmental. Dave thinks the writing is on the wall for David Flair soon too (yup).
  
• WWE has had talks with Ultimo Dragon about him coming to WWE. Dragon is 36 and fresh off coming out of retirement. Dave saw his recent comeback match and he was better than most, but was still clearly limited. There's also the issue of his Toryumon promotion in Japan because if he signs with WWE, he'd be in America full time and it's kinda hard to run a Japanese promotion that way (yeah, he ends up turning control of the company over to someone else while he's gone and it eventually morphs into Dragon Gate).
  
• Spanky (Brian Kendrick) will be getting a tryout at some upcoming WWE shows. Spanky has already verbally accepted a 3-year deal with Zero-One in Japan, but hadn't officially signed anything yet when WWE came calling. He was in their developmental system for years and WWE management never seemed to know he existed, but then he started making a name for himself on the indies and in Japan and now they're interested again. Dave assumes it would have to be a main roster offer because he's not going to turn down a 3-year deal in Japan to accept a $25k-per-year gig in OVW.
  
• Dave off-handedly mentions that Bob Holly is out of action for now after getting dropped on his head by Lesnar on Smackdown. Yeah, turns out this was an extremely serious injury and broke Holly's neck. He was out for over a year. I'm sure Dave will have more details on it in coming issues, but yeah, it was nasty.
  

WATCH: Brock Lesnar breaks Bob Holly's neck

• Terry Taylor has been trying to get back in WWE since WCW folded, but couldn't get a call back. He still has a lot of heat from his previous tenure in WWE. Refresher: after Vince Russo and Ed Ferrara left without notice and jumped ship to WCW, McMahon tried to get all the key backstage people to sign contracts that had non-competes that would prevent them from working for WCW if they were let go. Taylor refused to sign it and eventually left the company over it and went to WCW. Anyway, this week, John Laurinaitis went to bat for Taylor and finally he got a tryout to come in as an agent. He laid out the Rikishi vs. Chavo match on Smackdown but it went poorly and Vince ended up yelling at Taylor over a spot in the match he didn't like. So no word where things stand, but Taylor is not re-hired as of yet.

NEXT WEEK: examining the failure of the brand split, a look at the meteoric rise of Bob Sapp, Nicole Bass loses WWE lawsuit, and more...

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Beverly Vhs Bevis Download Bevis Xvideos.com Bex And Jess Scene Bex And Jess Scene Waterloo Road Bex Taylor Klaus Bex Taylor-klaus Leaked Nude Scene Bex Taylor-klaus Bext Celeb Beyonce Fuck Beyonce Leaked Beyonce Pregnant Beyonce Linked Beyoncé Leaked Beyoncé Leaked Xvideos.com Beyone Bezt Celeb Bf Gets Gf In The Mail Bf Shared With Shy Bff Bf First Time On Hidden Cam Bff High School Bffs Dorm Party Leaked Actresses Bffs Dorm Party Leaked Brunette Not Fucked Bffs Dorm Party Leaked Cast Bgc 16 Persuiusa Bgc Nancy Bgc16 Persuasion Bgt Judge
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Going through old issues of the Wrestling Observer Newsletter and posting highlights in my own words. For anyone interested, I highly recommend signing up for the actual site at f4wonline and checking out the full archives.
PREVIOUSLY:

• Observer Rewind - 1987 by SaintRidley
  
• The Complete Wrestling Observer Rewind 1991-2001
  

1-7-2002	1-14-2002	1-21-2002	1-28-2002
2-4-2002	2-11-2002	2-18-2002	2-25-2002
3-4-2002	3-11-2002	3-18-2002	3-25-2002
4-1-2002	4-8-2002	4-15-2002	4-22-2002
4-29-2002	5-6-2002	5-13-2002	5-20-2002
5-27-2002	6-3-2002	6-10-2002	6-17-2002
6-24-2002	7-1-2002	7-8-2002	7-15-2002

• WWE hit the reset button again with a new storyline assigning general managers to each brand, and it featured the shocking debut of Eric Bischoff. The new storyline will have Bischoff as the heel GM of Raw, while Stephanie McMahon will be the babyface GM of Smackdown, while Vince McMahon will take more of a backseat role and reduce his TV presence. Of course, just 5 weeks ago, Vince panicked and blew up the existing "feuding GMs" storyline between himself and Ric Flair, so now we're re-starting it with new people I guess. It feels like a last-ditch effort to save the brand extension, which has been an utter flop since day one, with no effort to differentiate the shows and only resulting in diluting the talent and falling ratings.
  
• Bischoff and McMahon struck a secret deal about 10 days prior to his debut. Bischoff had talks with WWE last year about coming in during the original Invasion angle, except they only wanted him to do a one-off match with Vince for the PPV (which Vince would obviously have won), but Bischoff turned down that offer. But this time, they agreed to a more long-term deal. Bischoff didn't know he was going to debut on Raw until just a day or two prior, when Vince called him and told him to be there. The whole thing was kept secret and almost no one other than Vince himself knew about it. This is believed to be a unique contract, in which it's a short-term deal with the option to renew it for longer-term if the angle gets over. His only role is as a television character, it's strictly a performance contract. Bischoff is not going to be a part of management or creative.
  
• When Bischoff walked across the screen in the backstage segment, almost everyone in the company was just as shocked as the viewers at home. Bischoff's debut saw him come out and hug Vince, which Dave thinks about is the dumbest possible way to introduce him. Sure, the Invasion angle is over but WCW's corpse isn't completely cold yet. It's only been a year or so. There is probably still plenty of money to be made in Bischoff as an outsider trying to destroy Vince McMahon and the WWE. But as always, that would involve Vince allowing himself or WWE to look vulnerable against an "outsider" and his utter refusal to do that is a big part of what tanked the Invasion. But that's par for the course. Bischoff cut a promo, giving the fake "WWE version" of the Monday Night Wars history (Dave points out multiple inaccuracies that WWE still clings on today, such as claiming they stole Hulk Hogan from WWF. Of course, Hulk had been in NJPW and hadn't worked for WWF for nearly a year at the time WCW signed him. Things like that.). Dave thinks it became one of those promos full of old stuff or inside references where so much of it is about things that the average fan doesn't know or care about. Dave thinks most of this audience in 2002 isn't familiar with Alundra Blayze, they don't know Raw used to be taped instead of live, and they don't care about 83-week TV ratings streaks (Dave also notes that Bischoff said 84 on this show, which is incorrect). And once again, it became one of those promos talking about how much WWE sucks lately, which is something you don't want to keep pointing out to the fans who are still watching because you just make them feel dumb for supporting something that even the people producing it knows sucks. Shit like that is partly what drove off WCW fans. Bischoff also gloated about almost putting WWE out of business, and to the many guys in the locker room who remember that vividly, it wasn't a joke or a storyline. Those are guys who really were fighting for their job against a guy who really was trying to put them out of business. Bischoff has tremendous heat from the locker room, with a lot of people who worked for him in WCW or who resent him from the WWE side....they don't want Bischoff there.
  

WATCH: Eric Bischoff debuts in on WWE Raw - 2002

• This angle was going to take place regardless, but it's thought that the injury to Kevin Nash may have moved things up a couple of weeks because Vince once again panicked when his plans went down in flames. Nash had surgery last week. Because of the location of the tear, it's not quite as serious as the tear Triple H suffered last year. But Nash is also 10 years older. However, he has vowed to return, noting he doesn't want his career to end like that. With his age and his track record of injuries (this is his 22nd surgery, dating back to his collegiate basketball days), Dave isn't sure how much Nash will be able to offer if/when he returns next year. Also, while nobody wanted Nash to get hurt, the mood in the locker room was said to be much happier this week without him around, as the whole Nash/X-Pac/Shawn/Triple H group isn't very well liked these days (the more things change...)
  
• Speaking of X-Pac, a weird situation with him this week led to him being suspended by WWE. The day of the Raw when Nash tore his quad, X-Pac missed his flight to the show. Why? Well, he was hospitalized earlier that day in Minneapolis. Again, you ask, why? No idea. Sounds like X-Pac sure would like to know also. He called WWE saying he was in the emergency room and had no idea how he got there. He left the ER and made new travel arrangements and he got to Raw 90 minutes before the show started. And then he went out there that night and worked his match (and Dave says looked more impressive than he had in a long time). However, after the match, he still couldn't explain to WWE officials how or why he was in the hospital earlier that day and so they were naturally suspicious. As a result, X-Pac has been suspended and removed from all upcoming bookings until they get a medical report on what the deal is. Dave says X-Pac has been acting out of control for weeks now and it's been well-documented (threatening to quit if match finishes weren't changed week after week). The feeling backstage was that as long as Nash was around to go to bat for him, he was basically protected, but no longer. With Hall fired, Nash out for probably a year, X-Pac suspended, and Hogan a babyface, the feeling within the company is that the NWO angle is dead. Shawn Michaels is still expected to appear at upcoming house shows and Raws in some new role, since much of the advertising for those shows was based around him appearing, but this is probably the end of the road for the NWO. (This kinda flew under the radar, but yeah, X-Pac never wrestled another match in WWE. The match where Nash tore his quad remains to this day the last time X-Pac ever worked a match in a WWE ring. He gets released soon after this and we all know in retrospect that he was dealing with some drug issues throughout this time).
  
• Dave provides some details on Vince Russo's first (and only) creative meeting when he was briefly rehired by WWE last month. Russo apparently proposed a Raw vs. Smackdown feud that would eventually lead to reviving one of them as WCW and reigniting the WCW vs. WWE war. This time, they would have Eric Bischoff leading the WCW side, while Russo suggested Mick Foley as the leader of the WWE side. It was pretty much made clear to Russo during the meeting that if they were to do a Raw vs. Smackdown angle, it would be Stephanie in charge of the WWE side, not Foley, and sure enough, that's what is expected to happen (but without the whole WCW-revival part). Russo's idea was pretty much a combination of the 2001 Invasion angle and the 2000 WCW Bischoff/Russo angle. Dave notes that Russo wanted to essentially start from scratch again, strip everyone of their belts the way they did in 2000, and bring in Bret Hart and Goldberg to be involved as well.
  
• A big recap of UFC's debut show in England, which featured rising star Frank Mir getting beat in what should have been an upset, but word is Mir didn't take the fight seriously and barely trained. As a result, he got murked in the first round. Also, while in England, some people in Tito Ortiz's camp got into a big drunken bar brawl with fellow fighter Lee Murray. Chuck Liddell was somewhere involved too. Anyway, long story short, some people tell the story that Murray knocked Ortiz out. Ortiz denies it (to this day, this is a famous MMA story and both men tell different versions, so depending on who you believe I guess).
  
• TNA's 4th show ended with a strong angle that actually got them some national publicity. It involved Tennessee Titans players Frank Miller and Zach Piller hopping the rail and attacking Jeff Jarrett and some other wrestlers, resulting in a big brawl to end the show. So how much of it was real or shoot? Well, Russo is involved, so who knows. The official story is that Jarrett and Piller were supposed to shove each other from across the rail, but that's it. From NFL sources, Dave has actually heard the same thing. It was supposed to stop at a shoving confrontation, and then Malice would come pull Jarrett away. That was the story as Russo allegedly wrote it. But reportedly, Piller had been drinking and he ended up hopping the rail and straight up overpowered Jarrett like it was nothing and took him down. Whether this was a shoot or a work is still unknown, but it ended up getting them coverage on SportsCenter and Dave says it's possible it was a work that only a few people were in on. If it was a work, nobody else was in on it. Ron Harris, who works backstage, almost rushed to the ring to save Jarrett and Malice (who wasn't supposed to touch the football players) got involved and broke it up quickly. After the show, the players were backstage laughing and joking with Jarrett and Miller has been openly telling people it was all planned and they were told to make it look as real as possible, but it's still unknown if jumping the rail and tackling Jarrett was part of the plan or not. Several other Titans players were at ringside with them and saw it unfold, but mostly didn't get involved. So now after the publicity, TNA is trying to see if they can make a match out of this. Either way, it's starting to feel like an elaborate work that none of the rest of the roster was clued in on, which is exactly the kind of shit Russo used to do constantly in WCW that soured morale among the locker room, and for this to happen on Russo's first night in, with an angle he wrote, sure feels a little familiar.
  

WATCH: Tennessee Titans/TNA brawl

• Puerto Rico's IWA had its most successful show in company history, drawing more than 11,000 fans (without a single WWE name on the card) to see the payoff of an angle with Savio Vega fighting for control of the company. WHO SAID SAVIO AIN'T A DRAW?!
  
• On the other side of things, WWC has postponed its anniversary show from August to September in order to give themselves more time to build up big angles and storylines. Seems like something they probably should have been planning earlier? IWA has become the dominant promotion in Puerto Rico and WWC felt they didn't have the build-up necessary to do a big-money show right now. Especially after this IWA show did such big business, anything less would be an embarrassment.
  
• Bischoff's debut on Raw was a pretty big hit. How big, you ask? During Bischoff's in-ring promo after his debut, Raw added nearly 1.1 million new viewers from the previous segment. Meaning that as soon as Bischoff walked across the screen backstage, tons of wrestling fans started calling their friends telling them, "Holy shit, Eric Bischoff is on Raw, turn it on!" The bad news is that as soon as Bischoff's promo was over, a lot of them tuned right back out, leading to a huge drop-off for the rest of the show. On the flip side, this week's Smackdown, featuring the heavily-hyped return of The Rock ended up being the 7th lowest rated episode of the show in history (4th if you don't count holidays). Rock's not a draw, bet he won't even be in the business in a couple more years.
  
• Kenta Kobashi is finally back in the ring, wrestling undercard prelim tag matches for NOAH. Even though he's in tags and doing limited in-ring work, his knees are said to be already killing him and one of them totally locked up on him after one of his recent matches. But he still hasn't missed any dates.
  
• NJPW announced that Kensuke Sasaki will face Pancrase star Minoru Suzuki at the Tokyo Dome in October. This match was actually planned for the big Tokyo Dome show back in May, but negotiations fell apart because Pancrase didn't like the idea of Suzuki doing a worked pro-wrestling match. Suzuki started his career in NJPW back in 1988 and was being groomed to be a big star for the company, but he quit and joined UWF because he preferred to work shoot-style matches. In 1993, he and a few other guys all started Pancrase, which he's been doing ever since. These days, Suzuki's days of fighting for them at a top level are over and he usually only competes against nobodies or in catch wrestling (grappling and submission only, no striking). Anyway, for those curious, this didn't happen. Not sure why yet, I haven't gotten that far, but Suzuki doesn't return to NJPW until 2003.
  
• Goldberg is said to be leaning very much against going to WWE anytime soon and is instead eyeing his options of working big shows in Japan. He's contemplating an offer to make an appearance at Toryumon's show in Tokyo in September, but only an appearance. He doesn't plan to wrestle until later in the year (don't think the Toryumon appearance happens, but he does end up working a few matches in Japan here soon).
  
• Bret Hart is still hoping to make his scheduled appearance for Jacques Rougeau's upcoming indie show in Montreal. If you recall, Rougeau's big show there last year drew over 11,000 fans and he's got himself another big stadium to fill this year and Bret was expected to be the biggest draw. Whether he'll be healthy enough to make the show, following his recent stroke, remains to be seen but he's determined to try. As of this week, Hart is able to lift his left arm over his head. Just a week ago, he couldn't move it at all. His grip strength is also coming back and he's able to walk short distances. His vocal cords were also damaged but have started strengthening again and he's able to talk again (though he can't cut a wrestling promo yet, Dave says, so he might not be doing much other than coming out and waving to the crowd if he does make it). He's still having some vision problems also, but not too bad all things considered.
  
• Dave says that "no matter what you may hear," a lot of people involved in TNA behind the scenes are very unhappy about Vince Russo being brought in. He also says that a lot of people associate Russo and Ed Ferrara together, but they actually had a major falling out awhile back and hadn't been on speaking terms until now. When it became clear Russo was coming back, Ferrara reached out to Russo and the two sides made up. He goes on record saying for sure that neither Mike Tenay or Bill Behrens are happy about Russo's arrival, among others, but says everyone is being professional.
  
• Notes from TNA Weekly PPV: Crowd of about 1,500, only about half paid. Dave says it was easily the best of the 4 shows they've had so far. About 85% of it was written and booked by Jerry Jarrett and the original writing team before Russo was hired, but Russo did make some changes. Dave says some people are beginning to get tired of Don West on commentary already and he definitely brings a ton of enthusiasm (but nothing else, Dave adds) to the table. During the Ken Shamrock vs. Omori match, the crowd was distracted by one of the cage dancers near the entrance who was apparently showing her ass to the crowd. Former WCW wrestler Crowbar (real name Chris Ford) worked a tag match under the name Tempest and Dave notes that when Ford worked a try-out match for WWE awhile back, he also signed over the name Crowbar to them when he did (guessing Dave is mistaken about this. He never used the name Crowbar in TNA, but he's been using it everywhere else ever since for the last 18 years). Brian Christopher is now going by his real name, Brian Lawler, and cut a promo on Jerry Lawler about being a bad father. It got a lot of heat but now they've made fans want to see a match that they can't deliver. K-Krush faced NASCAR driver Hermie Sadler and got DQ'd. Dave says Krush was absolutely awesome here, actually carrying Sadler to a watchable match. Sadler was awful of course, but the Gayda/Stratus match from Raw was light years worse, so hey, who cares? TNA tried to bring in Hermie's more famous older brother Elliott Sadler, but that fell through because Elliott has some type of affiliation with WWE, though Dave isn't sure what (I did the research and apparently Elliott drove a Summerslam-themed car during a race around this time, so I assume that's it).
  
• More notes from TNA Weekly PPV, since this recap is huge and big, unbroken paragraphs suck: Mark and Jay Brisco worked a brief match until Malice ran in and destroyed everyone (Dave says this was a Russo addition to the show. Dave also says the Briscos will be great some day and notes that on this show, the announcers lied and said both of them are 18, when in fact, Mark Brisco is still 17 and therefore not even allowed to wrestle in many commission states). Former porn star and ECW valet Jasmine St. Claire debuted and gave Jeremy Borash a lap dance, took off her underwear, and was about to strip nude until a big angle stopped it. And yes, in case it wasn't obvious, this was another Russo addition. AJ Styles and Jerry Lynn are the tag team champions and ended up in a big brawl backstage. If you've been paying attention to the show the last 2 weeks, you would have recognized that they were doing a slow build with these two partners having friction, but Russo convinced Jarrett to hurry up and pull the trigger on the split, so here we are. Dave thinks this had no impact at all because it felt completely rushed, the story hadn't progressed far enough yet for these two to already be coming to blows. Another interview with the Dupps saying "shit" repeatedly was, yes, another Russo addition. Try not to cut yourself on all this edginess. Shamrock vs. NOAH star Takao Omori ended in a no contest because of politics. Shamrock was supposed to win clean, but then NOAH decided they didn't want Omori to do a job, so this is what we got. Dave thinks TNA should have said screw them then and just not used Omori because it's not like TNA's fanbase knows who the fuck he is anyway. Omori was said to have been spaced out all day beforehand and looked bad in the match. Crowd didn't care and they pumped in a ton of fake crowd noise for it. Jeff Jarrett ran in and took everyone out with chair shots, including "NWA rep" Harley Race, who ate a brutal unprotected chair shot to the head from Jeff and Dave thinks that's not good for anyone's brain, especially a guy pushing 60. Race was there basically to help Omori since Harley's small promotion in St. Louis has a relationship with NOAH. And finally, the 6-man X-Division #1 contenders match was excellent. Dave thinks WWE really missed the boat on Jerry Lynn and K-Krush. He admits Lynn probably couldn't have ever been a top guy in WWE or anything, but he makes everybody he wrestles look like a million bucks and guys like that are priceless to have on your roster. They also pumped a bunch of crowd noise in for this match, and at one point, the fake crowd noise loop stopped and there was a moment where it went from a loud roaring crowd to dead silence in a blink. Also, a fight in the stands distracted the crowd near the end. But great match otherwise. Show ended with the Titans players angle.
  
• In other news, The Shane Twins have been working as the masked penis wrestlers The Johnsons in TNA but the penis aspect of it has been played down to almost nothing. Upcoming plans were for the team to unmask and revert back to the Shane Twins, but when Russo came aboard, that plan got scrapped and they will remain The Johnsons for now. Because dammit, Russo will get to make penis jokes on TV or he's going to die trying.
  
• Many of the key names in TNA (Shamrock, AJ Styles, Jerry Lynn, Mike Tenay, among others) have now signed 1-year contracts. Scott Hall was rumored to have also signed a 1-year deal, but Hall is telling people it's not true and he's only committed for 4 more dates. Low-Ki is signed through the end of the year.
  
• At the recent K-1 vs. PRIDE show, there was a huge upset when PRIDE fighter Quinton Jackson knocked out Cyril Abidi, one of the top kickboxers in the world. The "plan" was for Abidi to win and then go on to a bigger money match with Don Frye, but that's what happens when you try to plan things around a shoot.
  
• And I'm sorry, I know this ain't an MMA recap, but this is too good: at the UFC press conference for the UK show this week, Dana White showed up with a bag filled with $250,000 in cash and challenged UK boxing promoter Frank Warren to put up any fighter in his stable and White would find a UFC fighter of the same weight to fight him, winner takes all the money. If you recall, Warren made some statements a few weeks back calling UFC fighters unskilled steroid freaks and claiming that his boxers could beat any of them in a real fight. So Dana showed up with a whole bag of cash, doing Dana things.
  
• Notes from Raw: Vince came out to the NWO music and said that's the last time we'll ever hear it and that the NWO is dead, so as expected, that's it for that gimmick. Tommy Dreamer is back to his old ECW gimmick and is already 1000x more over than the jobber-eating-gross-stuff gimmick WWE gave him. There was a Coach/Booker T segment backstage which is when Eric Bischoff walked through the shot, leaving everybody with their mouths hanging open, and then his promo. Another hype video for Rey Mysterio debuting on Smackdown next week. Former WCW wrestler and recent developmental guy Johnny The Bull made his Raw debut winning the hardcore title, and Dave is baffled how he got the call up because he's one of the worst guys they have in developmental and is nowhere near ready. But it's all about how he looks. Undertaker & Lesnar beat RVD & Flair in the main event and afterward, Lesnar turned on Undertaker in a good angle, though Dave doesn't have high hopes for the inevitable match.
  

WATCH: Rey Mysterio debut vignette

• Notes from Smackdown: it was a pretty bad show and for a pretty surprising reason. It was all built around Rock and he was awful. Rather than trying to sell a PPV, he came off like he was trying too hard to be a funny, "cool" guy and became a parody of himself. Dave is a huge Rock fan and thinks it was painful. He did a big in-ring promo segment with rapper Busta Rhymes that was just an elaborate plug for his new Halloween: Resurrection movie ("coming out in July?" Dave asks incredulously and, right, wtf?). Even Rock using Angle's own ankle lock against him at the end of the show looked hilariously fake and Dave has no interest in the Rock/Angle match at Vengeance after this show. Edge & Hogan defending the tag titles was a super heated match and Dave can't understand it. The live crowds are still nuclear hot for Hogan, but it's not translating at all into TV ratings or ticket sales. But man, the people who do buy tickets sure do love him. They seem to be slow-burning a Randy Orton heel turn. The Nidia segment at the buffet was great and Dave thinks they may have stumbled across a pretty great gimmick with her.

WATCH: The Rock & Busta Rhymes Smackdown segment

• The crew got a little backstage pep talk before Raw this week, mostly given by the agents (John Laurinaitis, Arn Anderson, and Fit Finlay) as well as Triple H. In particular, Triple H talked about there being too many people in the locker room who think they deserve a push ahead of the newer guys because they've been there longer. He said too many guys are sitting back waiting for someone to give them a push rather than breaking out from the pack and earning the push. He said he got over on his own when management was trying to hold him down after the MSG curtain call incident. Said too many guys are being lazy, playing cards and playing video games backstage rather than watching the matches and learning. He said just because you've had a few good matches on TV doesn't mean you know how to work or deserve a push, and also said everyone needs to work harder at house shows because attendance is down and it was guys like him who worked hard to re-build the company the last time business was down. Needless to say, for a locker room full of people who feel like they bust their asses only to get their legs cut off and hit a glass ceiling (often at the hands of the same guy giving the speech), this went over just about as well as you'd expect with the rest of the locker room. Not that anything Triple H said is wrong. Dave agrees with most of it. But considering who the messenger was, it was not well-received.
  
• Lots of backstage talk about last week's Bradshaw/Trish Stratus vs. Chris Nowinski/Jackie Gayda match, which was among the worst matches anyone has seen in years. Fit Finlay is the usual trainer and agent for the women and usually goes over their matches and spots with them, but in this case, Sgt. Slaughter put together this match. Gayda missed a few spots early in the match and seemed to panic and it all fell apart from there. Backstage, she was fully aware of how bad it was and was said to be extremely upset. There's been talk of sending her down to OVW for more training, but she'll probably still be on TV because she's fresh off winning Tough Enough.
  
• Steve Austin hasn't had any contact with anyone in WWE except for Jack Lanza, who was the agent Austin often worked with for his matches. All that's known now is Austin told Lanza he's still training hard and Lanza felt like he's getting antsy sitting at home and may be ready to return already (I think he's got bigger problems at home). But Austin and Vince still have not spoken and there's still a lot of bad feelings there.
  
• In light of recent events, Dave digs up the transcript from an old Prodigy online chat from 1996, in which Eric Bischoff was asked if he would ever work for Vince McMahon. His response: "I would rather chew off my fingers."
  
• Writer Brian Gewertz reportedly has some heat over Raw's declining ratings. The problem is, no matter who it is (Gewertz, Heyman, Russo, or even Stephanie), the final approval for everything you see on television comes down to Vince McMahon. He deserves the credit when it's good and the blame when it's bad, end of story. It's a common occurrence for Vince to rip up a script and tell the writers to come up with something new, so any bad segment that makes it to TV is on him, and resulting in lots of last minute changes. Some people are even blaming Gewertz for Kevin Nash's recent injury because Gewertz wrote the match into the script the day of the show, so Nash wasn't even aware he was going to be wrestling until a couple hours before they went on the air and I guess he didn't have time to properly stretch and get ready, and ended up tearing his quad 10 seconds in. Same thing with Cena's debut, that was a day-of decision, and luckily Cena was already on the road with the crew working dark matches, so he was available. But again, Dave says you can't blame Gewertz for either of those things because, once again, it's Vince who is constantly changing his mind and forcing last minute rewrites and whatnot every week. How is Gewertz or any other writer supposed to build long-term stories under those conditions? (Man, this sure feels familiar)
  
• Latest on DDP, he and wife Kimberly are planning on moving from Atlanta to Los Angeles to try their hand at acting careers. They've both saved a lot of money from their years in wrestling and can afford to take a chance on this kind of thing I guess. (DDP has done a handful of acting roles, mostly in the mid-00s, but obviously nothing of note. And Kimberly Page did a few movies, including a starring role with DDP in a movie called The Scam Artist that I can't find anywhere, and of course, her most famous role as "chick who's tit fell out" in The 40 Year Old Virgin).
  
• Randy Orton suffered a concussion in a house show match with Batista. Orton was trying to sell a clothesline by flying in the air and taking a big flat back bump, but hit his head on the mat coming down and was knocked unconscious. He should be back in a week or so though, because it's not like concussions are serious injuries or anything. EMT's helped him out of the ring and he walked to the back under his own power but he was knocked clean the fuck out for a bit there.
  
• This week's episode of WWE Confidential featured Big Show and Bradshaw playing a game of HORSE with the winner "getting a shot to sexually harass Linda Miles." So obviously they're out of ideas for this show. (Yeah JBL is on some full-blown Jerry Lawler shit with Miles here).
  

WATCH: JBL perving on Linda Miles for 5 minutes under the guise of playing basketball

• John Cena is still finishing up in OVW and working the upcoming big Six Flags show in Louisville. Despite being a big babyface on TV, he's still a heel in OVW and is playing a gimmick where his main roster success is going to his head.
  
• The New York Daily News ran a story on the "Sex, Lies & Headlocks" book that is coming out soon about Vince McMahon and noted several revelations in the book, such as Vince being paranoid about his office being bugged in 1993 prior to the steroid trial and how he wouldn't sit or talk near windows because he thought the FBI was listening in. It also talked about how Vince gave a job interview to Matt Lauer to host the WBF Bodystars show but didn't think Lauer had the right look, among other things. When asked for comment, WWE responded "No one in WWE has any interest in reading it. No one cares to." Dave says that's 2002 carny talk for, "Can you get us an advance copy?"
  

NEXT WEDNESDAY: Raw appears to turn a corner (lol no), WWE making major cutbacks and severing developmental ties, TNA also making major budget cuts, WWE Vengeance fallout, and more...