Paragon Shipping Inc. (NASDAQ:PRGN)

CAPS Rating: 3 out of 5

The Company provides drybulk shipping services worldwide.

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Member Avatar 2win (< 20) Submitted: 1/17/2014 7:57:13 AM : Outperform Start Price: $7.49 PRGN Score: -59.70

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.

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Member Avatar johnybutts (< 20) Submitted: 8/31/2011 12:37:35 PM : Outperform Start Price: $13.90 PRGN Score: -136.07

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

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Member Avatar QuickClickSell (< 20) Submitted: 8/25/2011 11:30:50 AM : Outperform Start Price: $13.60 PRGN Score: -143.69

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..

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Member Avatar BostonJim (< 20) Submitted: 6/29/2011 11:19:14 AM : Outperform Start Price: $19.90 PRGN Score: -134.25

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

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Member Avatar paragonrt (< 20) Submitted: 6/15/2011 11:39:54 PM : Outperform Start Price: $19.50 PRGN Score: -138.25

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

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Member Avatar brickcityman (< 20) Submitted: 6/8/2011 7:10:41 PM : Outperform Start Price: $20.20 PRGN Score: -136.81

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

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Member Avatar spearson1 (31.79) Submitted: 5/18/2011 1:18:08 PM : Outperform Start Price: $29.10 PRGN Score: -136.22

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

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Member Avatar Przc1 (< 20) Submitted: 5/14/2011 9:15:40 PM : Outperform Start Price: $30.70 PRGN Score: -137.42

Lolong!!!

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Member Avatar PearlandTX (77.62) Submitted: 5/6/2011 1:55:50 PM : Outperform Start Price: $30.60 PRGN Score: -136.68

When (not if) the dry bulk shipping sector recovers, this company will benefit

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Member Avatar smriaz2000 (< 20) Submitted: 4/8/2011 1:52:23 AM : Outperform Start Price: $27.20 PRGN Score: -135.51

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

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Member Avatar osucowboys344 (28.76) Submitted: 3/29/2011 2:11:50 AM : Outperform Start Price: $33.38 PRGN Score: -214.35

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?

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Member Avatar dnunezpp (< 20) Submitted: 3/26/2011 10:54:43 AM : Outperform Start Price: $29.80 PRGN Score: -139.31

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

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Member Avatar geoflying (< 20) Submitted: 3/19/2011 9:25:01 PM : Underperform Start Price: $30.20 PRGN Score: +142.09

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

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Member Avatar Seanpit1 (40.50) Submitted: 3/8/2011 10:58:33 AM : Outperform Start Price: $30.81 PRGN Score: -138.12

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.

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Member Avatar frederick7 (< 20) Submitted: 2/22/2011 2:53:53 PM : Outperform Start Price: $30.22 PRGN Score: -139.08

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

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Member Avatar 1Landmark (< 20) Submitted: 2/21/2011 3:32:25 PM : Outperform Start Price: $31.99 PRGN Score: -138.40

I like the outlook of shipping stocks.

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Member Avatar Speculatormaster (< 20) Submitted: 2/1/2011 10:00:03 AM : Outperform Start Price: $30.81 PRGN Score: -141.85

I like the dividend 7%, and has one of the best debt/equity ratio in the industry, today also I percieved the company give insight of what can be traduced in a good 2011 year, the ship seem are been profitable and will continue profitable, more to add the industry of marine was the only in show gains while the market in general was to the downsize, that was on January 28, 2011 when market was getting a correction, so this sector was the only doing fine more than the Energy sector!!! was in good shape also that day but any way was losing ground.

I speculate this sector of marine was up also, in January 28, 2011, because of the news of improving GDP of 3.20%, may be the market percieved that this will be the way of export all the commodities and merchanidise in the 2011.

May be the only major backdraw is the market capital that is to small aprox 100 millions doing the stock too volatile.

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Member Avatar BillZack (< 20) Submitted: 1/17/2011 7:40:18 PM : Outperform Start Price: $32.98 PRGN Score: -143.19

Getting my toes wet @ $3.36 share. I believe the bottom is in and way oversold!

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Member Avatar mattspicks (< 20) Submitted: 1/13/2011 4:22:20 PM : Outperform Start Price: $34.06 PRGN Score: -155.19

Opinion of top players weight heavily on this real life green thumb. BDI will continue to ride the wave it’s been riding for the foreseeable future but will eventually begin an upward trend pushed by demand from recovering economies. I think we can expect to see small profitable and cheap bulkers (PRGN trades at half book value) with relatively low debt/equity (not to mention impressive operating margins) up with it. Recent pps increase in Denaos bodes well... I’m in @ 3.35 in RL

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Member Avatar JMRiv1986 (< 20) Submitted: 1/3/2011 7:29:52 PM : Outperform Start Price: $33.96 PRGN Score: -145.87

Value play for me. PE, Forward PE, PB, PS all great. Earnings yield of 19.83%. Debt to equity is lower than the industry average. Their cash to debt I don't particularly like but with an interest coverage of 5.4, which is also higher than the industry average, I think they should be fine even if the economy stagnates or gets worse. Gross, profit, and operating margins all outstanding; 3 year averages of 75%, 38%, and 42%. They have secured 98% of they charters for 2011 as of Nov 2010. FCF is currently negative due to increasing their shipping capacity in 2010, but should rebound in the following years. My only real concerns with this company is that if they take on too much debt buying ships, and TCE continues to drop. Overall though when the economy starts to heat up again PRGN should be in position to profit greatly and pay down some of their debt.

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