Analyst Sees Big Upside for Titanic Rights Owner Premier Exhibitions
Premier Exhibitions is the place to invest, says Mark Sellers, Managing Partner at Sellers Capital.
With the help of its exclusive rights to all artifacts from the wreck of the Titanic, Premier Exhibitions is up more than 200% over the past year and is still on the rise.
“Premier Exhibitions has 3 million rivets (from the Titanic shipwreck), but according to court ruling, can only sell them in one lump. They have been offered $10,000 for one of the many, many rivets,” Sellers said. “If you add up everything, they would probably get about $100 million to $200 million. They would then be able to sign a deal where they can continue to show the artifacts in museums.”
In addition to the Titanic artifacts, Premier Exhibitions also holds the famous "Bodies" exhibition, which accounts for 75% of their revenue and continues to grow at a rate of 200% a year.
Sellers sees the company's stock rising to a range of $35-$50 over the next couple years, almost tripling the current price.