Premier Exhibitions, Inc. (NASDAQ:PRXI)

Undervalued in a sector that should benefit from increasing consumer confidence. Leisure time companies' prospects should be improving.

I think the downside is limited here considering the operating company itself is worth something(maybe 25/30M), and that there is a reserve in the auction of the Titanic assets. We obviously can't know this reserve number but if I had to guess, I'd say somewhere around half or two-thirds of the previously appraised value of 189M. The results of the auction should be wrapping up soon and I feel that there is a much stronger likelyhood of significant upside than downside. The price has just been stagnating around current levels because everyone is reading into the press releases too much and of course the one major reason... uncertainty.

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

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

Deej Blog:

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

and AAOI

tenmiles

Premier Exhibitions (PRXI) is the "salvor in possession" of the Titanic artifacts, which it displays on tour, and the company puts on a variety of travellling exhibits for museums and other venues. They have the modest moat of being good at what they do overall, and they have a turnaround CEO replacing the founder who ran the company into a brick wall. They have no debt to speak of, and their earnings report comes out in early August this year. Look for a surprise and a pop. I have been long on this since last December hoping for the big earnings surprise that will make believers out of the hoi polloi, front-runner, stock buying amateurs who will make me some greenbacks. I look for a ten bagger in 3 or 4 years on this one!

+

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.

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.

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.

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.

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.

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

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

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.

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!

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.

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.