Seeking Alpha
  • Steven Reiman
    $PRXI 3.8M shares bought in the last hour of trading when daily average is 200K...on the last day of quarter.......
    6/28/13
    Reply (18)
    • Wilson Wang: I'm puzzled too...
      6/28/13
    • Ocean Man: I posted a theory on that.
      6/28/13
    • Steven Reiman: not a great quarter
      7/10/13
    • Wilson Wang: Yeah... definitely not something to jump in joy about.
      7/10/13
    • Ocean Man: Remember, that's the part people have been saying is worth $0.50 to the stock price. So what if it drops 10% to $0.45 or even $0.40. This is
      7/10/13
    • Ocean Man: still all about the Titanic artifacts sale. Binary event.
      7/10/13
    • Steven Reiman: Problem is the operating business is just not a great business. No pricing power, no operating leverage, no moat and mgmt is not great
      7/10/13
    • Wilson Wang: exactly Steve, but it is improving it was because of the season
      7/10/13
    • Wilson Wang: and the port closing and stuff.
      7/10/13
    • Steven Reiman: Agreed last year is tough comparables with the seaport out of commission and the Titanic anniversary juicing last year.
      7/10/13
    • Steven Reiman: However, while worth something, the business will still never be more than average...it's not the type of business model where you can
      7/10/13
    • Steven Reiman: sustainable earnings power
      7/10/13
    • Wilson Wang: Interesting note in the release, the company is exploring other strategic venues for the titanic assets... hm....
      7/10/13
    • jaginger: Market no likey earnings call. Has anyone speculated on who the Consortium could be? Hampton Roads area might be a clue to some...
      7/11/13
    • Wilson Wang: That would require some forensic field research. I unfortunately live in Hawaii, so I won't be able to do it.
      7/11/13
    • Steven Reiman: Not a terrible place for an exhibit, it has one of the biggest natural harbors, and thus navy bases, in the world.
      7/11/13
    • Steven Reiman: I don't understand management. Why does it take 6 months to "consider enlisting a bank?" At some point it is either a do or do not decision.
      7/11/13
    • Acme Capital: The incentive structure for management leaves a lot to be desired.
      7/11/13