Yesterday, Premier Exhibitions' (PRXI) stock fell 10% after putting out an incredibly disappointing earnings release that included the announcement that it had called off its LOI to sell its Titanic assets for ~$190m to the Hampton Roads consortium.
That all actually seems pretty tame. Company announces disappointing earnings, calls off a big event, stock drops ten percent. Just your run of the mill bad quarter, right?
But I don't think "run of the mill" bad quarter quite does this quarter justice. Run of the mill bad quarters don't involve conference calls with not one but two callers asking for the CEO to resign. They don't involve conference calls with a noted activist investor publicly discussing the board...
Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: