The Company is in the business of developing and touring museum quality exhibitions. It is known for its Titanic exhibitions, which it conduct through wholly-owned subsidiary RMS Titanic, Inc. and which honor the ill-fated liner RMS Titanic.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
The notice from Barron's Blog below matches what anyone could have seen from earlier reports on PRXI, to wit: it has its foot, all the way up to its thigh, in the door that leads to commercial exploitation of Titanic artifacts.
When I first picked this stock to outperform, it was based on its Titanic prospects. Since then two things have happened:
1. It's stock has been battered by a competitor's gossip campaign that PRXI's Bodies exibit was filled with the plasticized corpses of Red Chinese political prisoners.
2. PRXI, meanwhile, continued to advance its Titanic claims while fielding two additional money-making exhibits, one of them crammed with sports memorabilia, and another exhibit allowing sighted persons to experience the mental world of the blind.
Home schoolers and cash-strapped public schools alike find the admission price to PRXI's exhibits an excellent bargain for bringing children up close and personal to the tangible artifacts of genuine history.
With the Barron's note, I also note PRXI's stock price has just about recovered from the effects of the gossip campaign. If the court case referenced in the Barron's note is favorable, PRXI's price should advance in comparable fashion.
From Barron's blog (http://blogs.barrons.com/stockstowatchtoday/2008/03/27/wilbur-guaranty-titanic-hits-a-fortune-rail-bunny/)
CLOSER TO A TITANTIC PREMIER
Wanna see ”Titanic”? What’s that - already seen it? Impossible. We’re not talking about that tiny little, $100 million indie film that came out a few years ago. Starring … what’s his name? Leo Something. We’re talking as much as $3 billion in actual Titanic artifacts. Premier Exhibitions (PRXI) certainly wants to. And it’s gotten a little closer to the opportunity to resume efforts to recover sunken Titantic treasure that could be worth as much as $3 billion, according to research from Merriman Curhan Ford. Premier Exhibitions, famous (some might say infamous) for its exhibition ”Bodies,” which has been staged at venues across the country, has added another link in a chain that may ultimately lead to the bounty of the famous tub. The company has asked a court to award it possession of 3500 already-recovered artifacts worth an estimated $110 million. The court, in turn, asked the government for guidance, and the government turned in its recommendation: award the baubles to Premier, with a few strings attached. The court hasn’t ruled on what it thinks of the government’s suggestion. However, if Premier gets the nod from the court, the next step would be the resumption of recovery operations that could land it even bigger treasures.
The thing that bothered me about PRXI's big drop was the fact that it was trading at $17 and change before anyone was really talking about the Titanic artifacts. But when PRXI did not get those artifacts, the price dropped badly. The Titanic was not factored into its price when it was high, but it sure caused it to drop. I lost pretty badly on this one, but I believe that you are right in your analysis.....I still think this is a good company that will find success.