Paragon Shipping Inc. (NASDAQ:PRGN)

CAPS Rating: 1 out of 5

The Company provides drybulk shipping services worldwide.

Results 1 - 20 of 103 : 1 2 3 4 5 6 Next »

Recs

0
Member Avatar DeathStock (99.55) Submitted: 4/29/2016 11:58:58 AM : Underperform Start Price: $1.14 PRGN Score: -133.08

Junk stock, they are now in technical default. I fully expect another sell-off and reverse split that will create the most amount of bag holders, ever in the stock. This will end very ugly.

Recs

0
Member Avatar superstar (99.73) Submitted: 4/29/2016 10:48:25 AM : Underperform Start Price: $2.78 PRGN Score: +5.02

If you've ever played musical chairs...

Recs

0
Member Avatar Ikarruss (33.22) Submitted: 4/28/2016 3:36:48 PM : Underperform Start Price: $1.73 PRGN Score: -53.14

no way a press release is this much good news.

Recs

2
Member Avatar jed71 (99.85) Submitted: 4/28/2016 1:46:28 PM : Underperform Start Price: $2.09 PRGN Score: -27.69

See TSIF's pitch - he covered most of what I was going to say. This is a ridiculous rise in value. Nothing in today's announcement indicates that this deserves antyhing close to a 700% bump in one day. Low float, very volatile. They will eventually end up in BK, however, I am not sure I am going to wait around long enough for that to happen. Same as TSIF, it wouldn't shock me at all if this runs another 1-200% tomorrow.

The stock has been halted and restarted a number of times today because of the severe volatility. With 18MM shares traded thus far, it seems every day trader in the continental U.S. has found this stub and has owned some sort of position. It will eventually fall; the bigger question is, how high will it climb before it finally begins to lose some altitude? Since its a Greek bulk shipper, paint more than a little skeptical about the real fundamentals here. I'd make a joke about Icarus and flying too close to the sun, but it seems a little too easy with a Greek Shipping "Company".

Recs

2
Member Avatar TSIF (99.95) Submitted: 4/28/2016 1:07:28 PM : Underperform Start Price: $1.60 PRGN Score: -66.48

Looks like I bit too early ... usually you want to wait until 2-3PM for these to settle, if they are going to that day.
I wouldn't be surprised to see this hit $3-4.

The news was that they were suing the company (Tradewinds) that reported that the Board of Directors had agreed at their Feb. meeting to file Chap. 11 BK. This clearly depressed their stock, and stock issue is pretty much the only option to dig out of their current mess. They also sold a ship, paid off 1/2 of a loan and it appears, (hard to follow), the bank wrote off the other half. When does a bank voluntarily write off debt if they think a company can pay it...

Next, they indicated they couldn't pay the interest on notes due in 2011 due to cash liquidity.

They successfully deferred, (by maybe a few months), delivery of three ships they had ordered...long ago...(still due this calendar year)....

So mix the we "didn't say we'd file Ch. 11" with the inability to pay debt, interest or receive ships ordered....mix in a low float since they had a 1:10 Nov. 2012 and a 1:38 March 1, 2016 that peaked the reduced shares to $4.38...then they dropped to $0.20 over the next four weeks....
So Low Float - Short covering - Speculation - day traders - re-short-cover - more computer trading---more speculation....more re-re-short covering...sell some company stock into the mix, (just a guess here)....and when the music stops...

Disregard the $40.xx 52 week high...it got misinterpreted form the reverse splits....
Disregard that there are no financial reporting in several quarters, (that I can find), and they were losing $8 per share each quarter when they did file....

And off we go...until the music stops....

Target 50-70 points...
.

Recs

0
Member Avatar 2win (< 20) Submitted: 1/17/2014 7:57:13 AM : Outperform Start Price: $7.49 PRGN Score: -76.83

rebuying. mkt being held up by QE. nothing can bring it down. party (ha! ha! ho! here we go!) and that's when mkt goes down. we don't care.

Recs

1
Member Avatar johnybutts (< 20) Submitted: 8/31/2011 12:37:35 PM : Outperform Start Price: $13.90 PRGN Score: -148.92

Bulk shipping will return over the next 5 years.I think the maximum negative outlook is priced into these stocks.

Recs

2
Member Avatar QuickClickSell (< 20) Submitted: 8/25/2011 11:30:50 AM : Outperform Start Price: $13.60 PRGN Score: -156.98

At this price, I'll buy even without the dividend. Management is still intact and debt is the lowest compared to peers (exception DSX, which I also like under 8). You might have to wait a long time for dividends to return though. At least a year until after their competitors go bankrupt and the dust settles.

That said, I wouldn't buy this stock above 1.75 until dividends are restored..

Recs

0
Member Avatar BostonJim (< 20) Submitted: 6/29/2011 11:19:14 AM : Outperform Start Price: $19.90 PRGN Score: -144.60

Contrarian, value, dividend stock with limited downside risk and great upside potential.

Recs

0
Member Avatar paragonrt (< 20) Submitted: 6/15/2011 11:39:54 PM : Outperform Start Price: $19.50 PRGN Score: -148.85

paragon will invest dividend for buy back stock or smaller healthly compay to increase fleet and take out competior to increase futer bulk rate prices.
rt

Recs

0
Member Avatar brickcityman (< 20) Submitted: 6/8/2011 7:10:41 PM : Outperform Start Price: $20.20 PRGN Score: -147.16

Just closed and reopened pick to reflect adding to position in real life...

Recs

0
Member Avatar spearson1 (28.10) Submitted: 5/18/2011 1:18:08 PM : Outperform Start Price: $29.10 PRGN Score: -144.84

low p/e, good dividend yield. really low expectations.

Recs

0
Member Avatar Przc1 (< 20) Submitted: 5/14/2011 9:15:40 PM : Outperform Start Price: $30.70 PRGN Score: -145.89

Lolong!!!

Recs

0
Member Avatar smriaz2000 (< 20) Submitted: 4/8/2011 1:52:23 AM : Outperform Start Price: $27.20 PRGN Score: -144.38

The future of shipping is bright. Current price incorporates a lot of negativity that seems to be unjustified by the numbers available for analysis.

Recs

4
Member Avatar osucowboys344 (28.40) Submitted: 3/29/2011 2:11:50 AM : Outperform Start Price: $33.38 PRGN Score: -225.20

This company is extremely undervalued. I put 10k in at 3.12 and will continue to accumulate regardless of the direction the stock marches. Management took out an equity offering to expand their fleet within the last few months and I believe this was a well timed acquisition that should make way for a turnaround story or explosive growth once the economy recovers. While last quarter PRGN did show a loss contributed to an increase in selling, general, and admin expenses and a large investment in fleet, the loss was deemed reasonable based on the increase in fleet size and related maintenance expense. Some investors were concerned about their related party transaction for maintenance of the ship, but I see this as a great opportunity to decrease variable cost in the future. I expect this stock to outperform for the current year and to show significant long run appreciation. How can you say no to putting your money in company with a book value of .33 and a 6.5% dividend while you wait for the stock to appreciate?

Recs

0
Member Avatar dnunezpp (< 20) Submitted: 3/26/2011 10:54:43 AM : Outperform Start Price: $29.80 PRGN Score: -147.95

Limited downside potential (it is already down!!!) As long as the recovery comes, we have a winner!

Recs

0
Member Avatar geoflying (< 20) Submitted: 3/19/2011 9:25:01 PM : Underperform Start Price: $30.20 PRGN Score: +150.77

I just don't see the stenght in this stock. Looks to be a easy stock to be manipulated.

Recs

0
Member Avatar Seanpit1 (34.10) Submitted: 3/8/2011 10:58:33 AM : Outperform Start Price: $30.81 PRGN Score: -146.59

Still paying a good dividend (~6.5%) during very hard times for dry bulk shipping. Also, relatively low debt compared to others in the industry. This company will survive and come out ahead of the others. The current stock price (~$3.10) seems to me to be a bargain since the value of a share is likely to double quickly once the economy turns around. Look for a stock price of around $6/share by the end of 2012 if not before.

Recs

0
Member Avatar frederick7 (< 20) Submitted: 2/22/2011 2:53:53 PM : Outperform Start Price: $30.22 PRGN Score: -147.66

When this turns around, it's going to reap huge gains.

Recs

0
Member Avatar 1Landmark (< 20) Submitted: 2/21/2011 3:32:25 PM : Outperform Start Price: $31.99 PRGN Score: -146.74

I like the outlook of shipping stocks.

Results 1 - 20 of 103 : 1 2 3 4 5 6 Next »

Featured Broker Partners