InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,974.00
(
-1.21%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.27
(
1.49%
)
Bitcoin
60,251.02
(
-4.60%
)
Post# of 17242
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

carusso

Send PM Follow Ignore
Followers 30
Posts 7043
Boards Moderated 0
Alias Born 06/23/2010

carusso

Re: doglover1 post# 10319

Friday, 04/01/2016 4:30:15 PM

Friday, April 01, 2016 4:30:15 PM

Post# of 17242
No expert about how this and similar shipping companies lost so
Much (PRGN), but in case of Paragon it looked like combination of several factors: 1) Greece credit crisis; 2) related removal of some prior major tax breaks for Greek shipping companies; 3) disastrous fall in commodity prices; 4) being a smaller company in the midst of all this; 5) Iran oil coming back in a bigger way and the deployment of their own national fleets, and 6) disposition of several ships and lull during replacement with other ships; 7) Reverse split that repels even vampires.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up