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PRXI

Started by Ares, January 10, 2007, 10:26:22 AM

Previous topic - Next topic

Resistance at 7.33?

enter with momentum
1 (100%)
wait for daily pullback
0 (0%)

Total Members Voted: 1

Ares

Based on my weekly chart, price is above the 200, 50, and 8SMA. It is also currently trading above the Bollinger Band with Big Volume. It has a positive net price and traded at least .25 above the open. Fresh Cross on MACD, Stochastics, and Histogram. Income upwards for 3 years (http://ca.finance.yahoo.com/q/is?s=PRXI&annual)
Sorry, I don't know how to post charts here yet.
http://stockcharts.com/h-sc/ui?s=prxi
Go in with upside momentum or wait for stock to tank and buy close to support.

njshiva

#1
good pick EILF. Applaude.
Hmmm.. you posted only twice  and I wonder why you got a smite. I see nothing wrong with both the posts.  ;)

BUSINESS SUMMARY   
Premier Exhibitions, Inc., through its subsidiary, RMS Titanic, Inc., engages in developing and touring exhibitions of Titanic artifacts worldwide. The company operates as the salvor-in-possession of the Titanic wreck. It also sells and licenses Titanic merchandise. In addition, the company organizes human anatomy exhibitions that explore human body. It operates five exhibitions, four of which are known as Bodies – The Exhibition and one known as Bodies Revealed. Premier Exhibitions was founded in 1987 and is based in Atlanta, Georgia.


Press Release   Source: Premier Exhibitions, Inc.

Premier Exhibitions, Inc. Reports Record Results for Its Third Quarter and Nine Months Ending November 30, 2006
Tuesday January 9, 9:05 pm ET

    ATLANTA, Jan. 9 /PRNewswire-FirstCall/ --

    FOR THE QUARTER:
    * $7.9 MILLION IN REVENUE
    * $3.7 MILLION IN INCOME BEFORE TAXES OR $0.12 PER SHARE
    * $0.08 AND $0.07, BASIC AND DILUTED EPS

    FOR THE NINE-MONTHS:
    * $20 MILLION IN REVENUE
    * $7.7 MILLION IN INCOME BEFORE TAXES OR $0.25 PER SHARE
    * $0.17 AND $0.15, BASIC AND DILUTED EPS

Premier Exhibitions, Inc. (Nasdaq: PRXI - News) today reported its earnings and results of operations for its third quarter and nine-months ended November 30, 2006. Revenue for the third quarter totaled $7.9 million as compared to $2.8 million in the same prior year period. For the nine-month period, revenue totaled $20 million as compared to $9 million in the prior year period.

In the third quarter net income was $2.2 million, or $0.07 per share as compared to $.09 million, or $0.00 per share, in the same prior year period. Net income for the nine-month period was $4.6 million, or $0.15 per share as compared to $2 million, or $0.08 per share, in the same prior year period.

For comparability to the prior year period, which had no provision for income taxes, the third quarter income before taxes was $3.7 million, or $0.12 per share as compared to $.09 million, or $0.00 per share. Income before taxes for the nine-month period was $7.7 million, or $0.25 per share as compared to $2.0 million, or $0.08 per share, in the same prior year period.

The diluted shares outstanding for the quarter and nine-month period ended November 30, 2006 was 31,881,095 and 30,665,766, respectively. The diluted shares outstanding for the corresponding quarter and nine-month period ended November 30, 2005 was 27,824,242 and 26,760,048, respectively.

Presentation of Additional Information Regarding Net Income, EBITDA and Free Cash Flow

Net Income. Excluding Premier Exhibitions' non-cash provision for income taxes ($1.5 and $3.0 million in the quarter and nine-month period, respectively, and not present in the prior year periods), depreciation and amortization and non-cash option, warrant and stock compensation, net income for the quarter and nine-months ended November 30, 2006 was $4.7 million and $10.2 million, respectively, and EPS was $0.15 and $0.33, respectively. Adjusting net income to exclude non-cash provision for income taxes, depreciation and amortization and non-cash option and warrant based compensation results in a figure which is not a GAAP measure. Premier Exhibitions believes that the provision of such non-GAAP information regarding net income is important to investors and other readers of Premier Exhibitions' financial statements as it provides a useful measure of Premier Exhibitions' liquidity. A table reconciling the non-GAAP information presented above to GAAP follows the financial statements included with this press release.

EBITDA. Premier Exhibitions' EBITDA for the quarter and nine-months ended November 30, 2006 was $3.9 million and $8.6 million, respectively. EBITDA is defined as net income from continuing operations before other income, income taxes, interest and depreciation and amortization. EBITDA does not represent cash flows from operations as defined by GAAP, and should not be considered as either an alternative to net income as an indicator of Premier Exhibitions' operating performance or as an alternative to cash flows as a measure of Premier Exhibitions' liquidity. Nevertheless, Premier Exhibitions believes that providing non-GAAP information regarding EBITDA is important for investors and other readers of Premier Exhibitions' financial statements, as it provides a measure of liquidity. In addition, EBITDA is commonly used as an analytical indicator within the entertainment and exhibitions industries. Because EBITDA is not a measurement determined in accordance with GAAP and is thus susceptible to varying calculations, EBITDA, as presented, may not be directly comparable to other similarly titled measures used by other companies. A table reconciling the non-GAAP information presented above to GAAP follows the financial statements included with this press release.

Free Cash Flow. Premier Exhibitions' Free Cash Flow for the quarter and nine months ended November 30, 2006 was $2.2 million and $3.5 million, respectively. Free Cash Flow is defined as net income plus depreciation and amortization less capital expenditures. Free Cash Flow does not represent cash flows from operations as defined by GAAP, and should not be considered as either an alternative to net income as an indicator of Premier Exhibitions' operating performance or as an alternative to cash flows as a measure of Premier Exhibitions' liquidity. Nevertheless, Premier Exhibitions believes that providing non-GAAP information regarding Free Cash Flow is important for investors and other readers of Premier Exhibitions' financial statements, as it provides a measure of liquidity. Because Free Cash Flow is not a measurement determined in accordance with GAAP and is thus susceptible to varying calculations, Free Cash Flow, as presented, may not be directly comparable to other similarly titled measures used by other companies. A table reconciling the non-GAAP information presented above to GAAP follows the financial statements included with this press release.

njshiva

yearly chart looks much better.

Previous resistance 7.36 take away with nice volume.
Good support around 6.

njshiva

hope you got in. ;)

njshiva

still looking good  ;)

ramlau

Is anyone still in? Wonder if this titanic is out of fuel.

Ram

setravis

AFTER HOURS - TOP STORY
Premier Exhibitions Reports Q2
EPS 17c vs 4c Misses 18c Estimate
Premier Exhibitions Inc (PRXI) reported Q2 results ended August
2007. Q2 Revenues were $16.12M; up more than 156% from the
same period a year ago, but missing revenue consensus of $18.22M.
Q2 EPS was 17c; up more than 325% from Q2 a year ago, but missing
earnings consensus of 18c. Shares of PRXI were down $1.24, or
more than 8% in After Hours, early on Wednesday evening.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

Stocky2000

this is just a technical short...with target 11.00...if you watch the fibonacci retracement....the stock rose to fast and has to consolidate now...soon deadcross MA 50 heading into MA 200