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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Amigo Mike who wrote (19659)12/20/2006 6:44:49 PM
From: Sergio H  Read Replies (1) of 23958
 
Hi Mike. PRXI picked up some new research. Price target coincides with yours

<Premier Exhibitions (Nasdaq - PRXI $6.50) is a leading provider of museum quality touring shows. The company holds exclusive rights to the artifacts and video footage retrieved from the Titanic. It also produces a line of highly profitable "Bodies" shows. Premier is adding more sets of bodies to put into circulation. It also recently modified a distribution contract to retain a higher percentage of the profits that those shows generate. A third product line is in development. Attendance patterns are unusually vibrant, providing a burgeoning cash flow. Earnings are poised to triple in the current fiscal year (February) to $.20 a share. The combination of more shows and a more profitable distribution agreement promise to support further gains of 100%-200% in the year following. In 2-3 years earnings could reach $1.00 a share. Premier has not identified the theme of its third exhibition line, or when commercialization is expected. Success could propel income beyond our projection. Applying a P/E multiple of 15x suggests a target price of $15 a share, potential appreciation of 230% from the stock's current level. A material contribution by the new line, a pick-up in Titanic interest as the 100 year anniversary of the ship's sinking grows nearer, or further expansion of the "Bodies" segment could lead to a stronger showing. Limits are advised. >
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