Replies to post #1860 on Paragon Shipping Inc (PRGNF)

[carusso]

Thanks, redsky7.

Yes, hi volume of trading roughly .02 today and recently. Paragon Looking bottomy to my eye.

[carusso]

My brokerage had a very high Bullish rating on TOPS, which was trading around 1.04 - 1.09. Several days after their earnings report, today, it crashed 20%. So, it seems like all but the largest and best positioned shipping companies are having a very tough time??

[carusso]

Hi redsky7 -- I'm sure I'm not telling you anything you don't already know, but Paragon Shipping Annual Report is out today. Superb summary of current climate for small shipping co's, and it appears that, though great uncertainty persists, they managed to skillfully steer the company to a $37 million REDUCTION in debt year-to-year. I am no expert in reading financial reports; still, looks like they are more than deserving of being given credit for skillful management in the coming few quarters.

Cheers!