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Premier Exhibitions Inc. Message Board

  • eurotradr eurotradr Jan 9, 2013 7:10 PM Flag

    Knee Jerk but My Faith is Deminishing

    I am sorry to say but not one thing in the language used or demeanor of their voices gave me any assurance they have the right people/group for this asset purchase. It sounds as if there are too many moving parts that must all come together for this to happen and in my many years of financing it does not happen in 95% of the cases. I truly hope I am wrong but my instincts are pretty sharp.

    Sentiment: Hold

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    • Congratulations! Your instincts have led you to the conclusion that everyone else made 8 months ago!

    • There is no doubt that this is taking a very long time, which is what gives me the most concern. I hold a substantial long position, so I share your hope that you are wrong. I was very encouraged by their operating results, with solid top and bottom line growth. The value of the company without the Titanic assets is arguably $2.00 a share or more. In addition, even if this sale falls through, the prospect of the sale establishes that the assets are worth somewhere in the range of $189mm. I have been buying on dips in the 2.50-2.60 range and will continue to do so.

      Sentiment: Buy

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