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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (21766)	1/10/2007 5:26:23 PM
From: Sergio H	Respond to of 23958

PRXI research update: < Premier Exhibitions reported excellent on target Q3 (November) results. Earnings advanced to $.08 a share compared to a breakeven performance in the year ago quarter. Sales climbed 187% to $7.95 million. The company's six "Bodies" shows generated approximately 80% of revenues. Seven "Titanic" exhibits accounted for the balance. Ticket sales provided 96% of total revenues. Merchandise produced the remainder. Record breaking attendance contributed to the buoyant showing. Premier also benefited from more attractive profit sharing splits on several "Bodies" shows. The company has been using a partner to lower risk while getting that line off the ground. As revenue builds up at a particular location Premier's share expands under those contracts. In upcoming periods Premier will wind down its relationship and start producing most of those shows by itself. Revenues and earnings promise to surge as a result. Premier plans to acquire two more sets of "Bodies" over the next few months. Those shows are likely to generate further leverage. A third product line is in development, moreover. The company may again rely on a partner to help get that project off the ground. The booming cash flow now being generated by the "Bodies" segment should help Premier self finance that operation if it proves successful, though. We are raising our current year (February) earnings estimate by a nickel to $.25 a share. Next year income of $.40-$.60 a share remains a realistic target. >