I am moderating a series of discussions on securities that have been picked because I have learned a great deal from a particular bull and particular bear. This totally ignores any sunk cost or benefit, focusing only on whether or not a given security has a positive expectancy and would be a worthy part of a long-term, appropriately diversified portfolio if that security were purchased at the prevailing market price. For our second debate, I picked the topic: Resolved, that Premier Exhibitions (PRXI) has a positive expected value and is a worthy addition to a long-term, adequately diversified portfolio.
Before the debate begins, I would like to ask readers whether or not you agree with the resolution. Do...
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