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Premier Exhibitions Inc. Message Board

  • tjmocky tjmocky Jun 5, 2013 3:56 PM Flag

    You'd be crazy to sell now

    If you think they are going to sell the titanic artifacts for $175 million in the next 4 years why would you sell here? That is 90% above the current market value of PRXI. I know after taxes it might be less but that also doesn't give any value to Premiers operations which are probably worth in the vicinity of $30 million. So for arguments sake lets say the taxes and operations are an offset so if they sell the titanic artifacts for $175 million over the next 4 years you will make roughly 90%. Not a bad 4 year return. I'd take that over the next six to seven years. Additionally, these aren't depreciating assets, they are appreciating so that $175 million isn't going down.

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