May 19, 2009 12:18 PM by Skymist
PRGN: I studied this a bit more, and I think there is a fair chance of the company beating its 52 cent earnings estimate this time. That is one cent less than the last estimate, and matched the result last quarter, minus charges. So, the average BDI this quarter is much higher than last quarter, and given that PRGN does not use debt to buy ships right now, and retained earnings last quarter, it looks at least reasonable for them to beat in a modest way. Doing so would cause more short covering and could add 50 cents to the stock price in minutes. It appeals to my sense of good odds, so I will go for it. Keeping my fingers crossed.