Premier Exhibitions, Inc. (NASDAQ:PRXI)
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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Had a look see on their web site, makes me want to catch a show. Plus, heard from someone who went to one that it's a must see and would visit again.
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It's growing very rapidly.
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PRXI great show, and sold out all the time. The bodies show has created huge buzz in every city. With the growth of this company on full blasters it is time to invest in PRXI now. Just the buzz alone brings a great momentum ride on this small cap company. I have been following since it was on the OTCBB and this is just the beginning for this little gem. PRXI target 50 over the next 3 years.
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Long_term buy and hold
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Looks like a good stock.
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Seen the titanic or bodies exhibit yet?
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5-star $171 million market cap on 11/11/06
Rights to Titanic artifacts. Big shows on Titanic and Bodies.
5STARsmallCAPS picks five star stocks with the smallest market caps.
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PRXI provides traveling museum quality exhibitions for visitors across the globe. They have two lines of exhibitions, Titanic and Bodies.
PRXI has sole salvor-in-possession rights to the Titanic shipwreck (highest barrier to entry possible?). They are currently exhibiting 5 shows across the country. In addition to ticket revenue, PRXI also sells Titanic related merchandise and coal from the ship as souvenirs. On top of that, the company also sells some artifacts to museums.
Their second line of exhibitions is related to human bodies. The company has preserved human specimens that show visitors how the body works.
The company co-produces some of these "Bodies" shows with another company called (JAM) but has recently re-structured their co-operating agreement in order to retain more independence. In the most recent conf. call, PRXI estimated that the restructuring would add millions to earnings in FY 07 and FY 08 and accelerate another $17M in earnings.
The analysts were somewhat disappointed in the alleged "lack of earnings growth" in the most recent quarter. This was entirely attributable to a income tax provision.
The company's operating income actually grew (as it has for the last four quarters). They reaffirmed their $0.40 EPS guidance for this fiscal year. This means that the company projects earnings of $0.31/share over the next two quarters.
A PRXI investor (maybe more, not sure) has created a website:
http://www.premier-exhibitions-investors.org/
Interested investors should read through the above site and listen to the most recent conference call.
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Undervalued not only for high projected EPS but also for potential bookvalue of the Titanic artefacts (market value >$70 million, book vallue <$5million).
Very competent management.
Further information at private website http://www.premier-exhibitions-investors.org/
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way undervalued... They will do .40 cents in FY 2007
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