Premier Exhibitions, Inc. (NASDAQ:PRXI)

CAPS Rating: 4 out of 5

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.

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Member Avatar gfischer13 (85.52) Submitted: 7/12/2013 11:58:45 AM : Outperform Start Price: $1.81 PRXI Score: -76.13

Mariusz Skonieczny - Ultimate Value Finder
Seems like a very interesting special situation with a lot of disappointed investors left the boat and sent the stock down.
I just opened a position in my real life portfolio as well

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Member Avatar uknowho88 (35.43) Submitted: 6/6/2011 4:44:41 PM : Outperform Start Price: $1.53 PRXI Score: -102.47

BIg Court decision that has to made by August will send stock soaring

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Member Avatar straitcash (< 20) Submitted: 9/16/2010 10:20:09 PM : Outperform Start Price: $1.85 PRXI Score: -132.44

Gaining rights to Titanic items is huge especially with the centennial celebration 2 years away.

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Member Avatar jsgant13 (99.18) Submitted: 9/1/2010 3:00:51 PM : Outperform Start Price: $1.79 PRXI Score: -138.64

Deej Blog:

http://caps.fool.com/Blogs/a-titanic-verdict/434478

and AAOI

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Member Avatar tttchicattt (98.48) Submitted: 8/19/2010 5:07:08 AM : Outperform Start Price: $1.68 PRXI Score: -134.53

tenmiles

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Member Avatar Tri3 (< 20) Submitted: 8/7/2008 10:59:48 PM : Outperform Start Price: $4.27 PRXI Score: -140.78

+

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Member Avatar ddberg (26.42) Submitted: 7/14/2008 4:16:57 PM : Outperform Start Price: $3.64 PRXI Score: -144.08

The rights to the Titanic artifacts, alone, have got to be worth several times the current market cap (if they could find a buyer). And even though management clearly sucks (ramping up COGS and their own compensation with absolutely zero justification), the company is debt-free, sits on a decent pile of cash, has a number of valuable and popular exhibits in circulation, and has several large hedge funds with significant stakes in the company that are now pushing for some form of shareholder friendly action (e.g., outright sale, monetization of the Titanic ownership rights, etc). Pretty iffy investment thesis, but an interesting long-shot CAPS bet.

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Member Avatar KingFossil (< 20) Submitted: 7/7/2008 7:49:47 PM : Outperform Start Price: $4.08 PRXI Score: -142.01

Been beaten down by short sellers.

Terrific short squeeze candidate with any positive news that may come from earnings, attendance updates, Titanic developments, etc. Short sellers banking on lower admissions in a discretionary slowdown, but locations of venues in highly trafficked areas should still ensure that cash flow continues to stream in.

Analyst coverage likely to increase, and undervalued on many different levels (intrinsic, especially).

Changing Vegas location to Luxor should be a big win - people who are willing to spend money to see Carrot Top should be willing to spend money to see Bodies, to replace some of the lost brain cells.

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Member Avatar dejonese (< 20) Submitted: 6/18/2008 12:07:43 AM : Outperform Start Price: $4.48 PRXI Score: -132.99

Nice Niche. Sales seem to be solidifying. New exhibits coming up. Will see more demand as Vegas and likes seek cheaper ways to attract visitors.

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Member Avatar evillate (< 20) Submitted: 6/14/2008 7:40:23 PM : Outperform Start Price: $4.29 PRXI Score: -130.36

This is definitely the bottom. Was beaten senseless for repeat earnings missses but it can't go any lower. This is something you hold onto with a small position for great reward possibilities.

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Member Avatar rackled (< 20) Submitted: 5/27/2008 1:17:30 PM : Outperform Start Price: $4.59 PRXI Score: -129.69

This former dog brought in solid new management that is taking the needed steps to turn this into a credible company. Company trades at liquidation value. Titanic artifacts valued at 140 M. Govt has recently ruled that PRXI should be given the right to sell these assets given certain rules. Sponsorship revenue will flow directly to the bottom line. New exhibitions look promising. Its a time of transition but they look on track. Last quarter was worrisome because company usually produces 5 M of cash flow per quarter and FCF last quarter was negative. Current exhibits are clearly having issues.

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Member Avatar northcapolina (< 20) Submitted: 5/23/2008 12:57:43 PM : Outperform Start Price: $4.65 PRXI Score: -130.06

daddy has a brand new bag. Im a scientist so welcome to my laboratory.

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Member Avatar Dapperatom (< 20) Submitted: 5/1/2008 1:09:31 PM : Outperform Start Price: $5.97 PRXI Score: -130.78

I like the below $10 price and its potential for a good return.

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Member Avatar BJC999 (< 20) Submitted: 4/30/2008 3:52:30 PM : Outperform Start Price: $5.82 PRXI Score: -132.18

Growth stock with reasonable valuation of around 13 PE. Bulked up management team for next stage of growth. Interesting business model of touring exhibitions which does not currently have lot of competition and margins suggest management knows what it is doing.

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Member Avatar capsterok (60.35) Submitted: 4/21/2008 3:40:24 PM : Outperform Start Price: $5.25 PRXI Score: -136.48

Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's been less than a week, but so far so good!

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Member Avatar sknnyftn (< 20) Submitted: 4/9/2008 11:41:44 PM : Outperform Start Price: $5.60 PRXI Score: -135.22

The deal with the Luxor will give their already profitable exibits even more exposure. How many people go to Vegas every year? And with a permanet place to set up, the exhibits can be optimized for the greatest customer experience.

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Member Avatar cushionstuffer (< 20) Submitted: 3/30/2008 9:01:22 AM : Outperform Start Price: $6.70 PRXI Score: -141.92

This one is picking up momentum regardless of the the struggling market. Financials still look good, and they continue to build their empire with new exhibits. The knee jerk reaction by investors after some negative, but apparently false press caused share prices to fall way off where they should be. Premier might not even need the economy to turn around to be right back up to $18.00.

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Member Avatar rivilian (56.21) Submitted: 3/28/2008 11:19:15 AM : Outperform Start Price: $6.34 PRXI Score: -137.09

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.

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Member Avatar darkey (< 20) Submitted: 2/26/2008 8:00:18 PM : Outperform Start Price: $5.63 PRXI Score: -133.67

when economy turns around

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Member Avatar majakblue (< 20) Submitted: 1/25/2008 11:35:15 AM : Outperform Start Price: $5.59 PRXI Score: -136.35

Jumped out and jumping back in at a better price point. The financials look great, the company is growing and I like the business model. They know how to put on a show. Clearly, they know how to market the product. I believe that educational entertainment is a growing industry, and that there is a lot of money to be made in creative enterprises.

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