Paragon Shipping Inc. (PRGN)

All Comments on PRGN

  • commenter
    User 169375
    Oct 12 11:54 AM
    General Discussion on PRGN
    BUY Great dividend payer with contracts covering the next 2.4 years.. Very low cost operator


    SeekingAlpha Editors wrote:

    > Is this a buy or a sell?     Reply
  • commenter
    User 169375
    Oct 12 11:51 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    PRGN


    On Jul 04 09:42 AM stumpy wrote:

    > Hello,
    > I have owned NAT for about 4 yrs and very happy with it but looking
    > now a a shipper that does just drybulk like coal or iron. An sugesstions
    > please.
    >
    > Thank You     Reply
  • commenter
    wpdragon
    Aug 10 12:32 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    hey getthefactsstraight... congratulations... you've now been totally incorrect on TWO boards, yahoo and now here. Audio has nailed the drybulker weakness while your naive pollyanna cheerleading has been totally off course. Way to go! Reply
  • commenter
    old trader
    Jul 27 01:09 PM
    My Website
    A New Way for Investors to Sail the Seas [view article]
    Elliot,

    I'd agree with your assesment, but isn't that the point of an ETF? Allowing an investor to make a "sector bet", without having to decide, for example, if tanker companies relying on the spot market are "smarter" than those that rely on long term charters?

    An ETF such as this would allow an investor to play a "macro" theme, (such as growing global trade), while possibly increasing portfolio performance by making judicious investments on individual securities. (For example, buying shares in tanker companies relying on spot markets, if one's analysis on conditions lead one to believe the spot market would be strong over the next 1-2 years).

    Just sayin'....

    old trader     Reply
  • commenter
    Elliot
    Miller
    Jul 27 11:37 AM
    A New Way for Investors to Sail the Seas [view article]
    One problem with the analysis is that it does not take into account the individual characteristics of the companies. There are dry bulkers, wet tankers, LNG tankers and container ships all included in the chart. Within each group there are differences (for example EGLE's fleet is Supramx and Handymax, while GNK's includes Panamax and Capesize) and between groups there are differences (dry bulkers react to the BDI, most tankers are in pools that share profits, etc.). The rate of new building underway is greater for tankers and containers than for dry bulkers and within the dry bulk sphere the rate of new buildings is lower for Supramax than for Capesize and Panamax. Also different is the mix between charter lives and spot. Some, like Frontline, are highly exposed to spot prices. Many dry bulkers have 3-5 year charters and Sea Span has every vessel on the water and in construction subject to 11 year charters (in the case of new-builds, beginning when they are completed).
    In short, shipping is too varied an industry to present as a monolith,without differentiation by company and function.     Reply
  • commenter
    mikehav
    Jul 27 11:11 AM
    My Website
    A New Way for Investors to Sail the Seas [view article]
    I don't own any of the shares and all of the research was done by me as a new ETF idea, as with all of the other ETF ideas I have posted. Reply
  • commenter
    NEH
    Jul 27 11:04 AM
    A New Way for Investors to Sail the Seas [view article]
    Mike, first, some ownership disclosure please. Second, is this chart from another source, or did you assemble it yourself? Reply
  • commenter
    morgan77
    Jul 24 12:52 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    www.greenfaucet.com/sh...


    On Jul 24 12:51 PM morgan77 wrote:

    > TBSI as a leader--
    > A little more support for the TBSI rally-
    > James RevShark DePorre called it a market leader today in his podcast
    > on greenfaucet.com. He also named EXM and GNK as stock picks.
    > Just wanted to let you all know that now is the time to get in if
    > you haven't already.
    > You can listen on the site under podcasts if you want more info (he
    > talks about the market generally too)     Reply
  • commenter
    morgan77
    Jul 24 12:51 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    www.greenfaucet.com/sh... Reply
  • commenter
    morgan77
    Jul 24 12:51 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    TBSI as a leader--
    A little more support for the TBSI rally-
    James RevShark DePorre called it a market leader today in his podcast on greenfaucet.com. He also named EXM and GNK as stock picks.
    Just wanted to let you all know that now is the time to get in if you haven't already.
    You can listen on the site under podcasts if you want more info (he talks about the market generally too)     Reply
  • commenter
    getthefactss
    traight
    Jul 18 04:51 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    billf921 (alias of audioFOOL)

    You've been preaching your doom and gloom scenario on the EXM board and others and evidently as a short you'd like to believe what you post, but just the opposite of what you say is true. They're will be a shortage of ships thru the end of 2009 at least and probably well into 2010 which augers well for higher rates.

    Your criticism of a well documented article confirms you have no idea what you're talking about.     Reply
  • commenter
    OrangeValueI
    nvestor
    Jul 08 03:33 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Dont you think gaz price will affect their bottom line massively ??? Reply
  • commenter
    David White
    Jul 07 10:49 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
  • commenter
    David White
    Jul 07 10:48 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
  • commenter
    David White
    Jul 07 10:42 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
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