Squeeky Wheel
Growth, event-driven, currencies, macro

Time To Board Premier Exhibitions' Titanic?

In April I warned that a sale of the Titanic assets by Premier Exhibitions (NASDAQ:PRXI) in the immediate future seemed unlikely. The main reasoning is that the 100th anniversary auction failed in 2012, so I didn't find it likely that a qualified bidder who couldn't manage a sufficient offer in early 2012 would make a reliable offer six to twelve months later. Since that time several notable events have occurred - management announced that the sale has taken long enough that they must look for alternatives, two quarterly reports have been released both of which were not spectacular, and a large stock buyback plan has been released. Given these significant events I will make an estimate of present...

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