David Dodds
Administrator
We had everyone on the PRGN train. 110,000 shares. That's borderline insanity. Hell, we were the ones holding the stock up....lol.
And what a great ride it was. A year later and this stock is in even better shape in my opinion. The rest of the shippers are struggling a bit and these guys have ratcheted down spending while hoarding cash. They diluted twice to build a war chest and are now in a position to add ships. These guys really get it. I start the year with 6,000 shares of PRGN and for the first time in a long time, I am not that anxious to move them. The BDI has not reported in a week plus so my plan is to really see what happens there. I am fully confident though that PRGN is a stock we will all want to be in again as we approach earnings. They are a machine.
Here's to 2010
And what a great ride it was. A year later and this stock is in even better shape in my opinion. The rest of the shippers are struggling a bit and these guys have ratcheted down spending while hoarding cash. They diluted twice to build a war chest and are now in a position to add ships. These guys really get it. I start the year with 6,000 shares of PRGN and for the first time in a long time, I am not that anxious to move them. The BDI has not reported in a week plus so my plan is to really see what happens there. I am fully confident though that PRGN is a stock we will all want to be in again as we approach earnings. They are a machine.
Here's to 2010