PRGN# Stock
r*m
1 楼
many people asked me about PRGN, so here's what I think.
1. at below $3.5, this is a very low (and good) price for PRGN.
2. PRGN has very very low risk of going belly up
3. the 5 cents dividend seems safe in the near future
4. the management is a little bit too aggressive on expansion, therefore the
balance sheet is not as good as 6 months ago
5. the shipping industry is still in the aftermath of the 2007-2008 bubble,
so don't expect bif profits come back quickly for this sector.
conclusion: this is a stock for the patient and big heart. I have no idea
when it's going to pop, or whether it can go even lower.
1. at below $3.5, this is a very low (and good) price for PRGN.
2. PRGN has very very low risk of going belly up
3. the 5 cents dividend seems safe in the near future
4. the management is a little bit too aggressive on expansion, therefore the
balance sheet is not as good as 6 months ago
5. the shipping industry is still in the aftermath of the 2007-2008 bubble,
so don't expect bif profits come back quickly for this sector.
conclusion: this is a stock for the patient and big heart. I have no idea
when it's going to pop, or whether it can go even lower.
