Sumoy

Investment ideas and financial education

Paragon – keep bleeding

PRGN:NYSE will have liquidity problems in 2013 that may probably trigger asset sales and additional equity issue. I tweak down my expectatives for 2012 (opex higher than expected due to bunker prices) and 2013 (where it will have negative CF from operations). After losing again 60% of mcap, its share price is a mere call on the survival of the company. Provided asset values do not drop further, the company is still not under water, but it is difficult to recommend buying at this point. Full report here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on 28/12/2012 by and tagged , , .
%d bloggers like this: