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carusso

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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.
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