Peregrine Systems PRGN
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Shipping and tanker stocks run red hot off with Frontline ([[FRO]] +19.7%) leading the pack. Traders attribute the strong move to a momentum swing after the Baltic Dry Index finally pulled out of its ...
… pack. Traders attribute the strong move to a momentum swing after the Baltic Dry Index finally pulled out of its death spiral earlier this year. Gainers: OSG +8.3% , SFL +5.7% , DRYS +5.9% , PRGN +4.2% . Post your comment!
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Baltic Trading: Time To Buy This Dry Bulk Shipper
By Alex Shadunsky : Overview Baltic Trading is a dry bulk shipper controlled by Genco Shipping & Trading ( GNK ). The company was formed by Peter Georgiopolous in late 2009, who also founded GNK and the recently-bankrupt General Maritime. Unlike most shipping companies that focus on long-term ...
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The implosion of shares of Frontline ([[FRO]] -42%) following reports of increasing cash problems at the company casts a dark cloud over the sector - pressuring the shares of rivals lower on similar ...
… increasing cash problems at the company casts a dark cloud over the sector - pressuring the shares of rivals lower on similar financial and tanker rate worries: FRO -14.7% , GNK -4.1% , PRGN -4.6% , DRYS -3.5% . Post your comment!
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Shipping stocks soar after global demand for dry-bulk shipping picks up and pushes vessel rates higher. Cantor Fitzgerald's shipping analyst chips in, saying a good tape and a strong Baltic Cape ...
… pushes vessel rates higher . Cantor Fitzgerald's shipping analyst chips in, saying a good tape and a strong Baltic Cape Index are supporting the rally. Gainers: EXM +12.4% , DRYS +4.2% , GNK +6.8% , PRGN +8% . 2 comments!
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Transportation stocks are steady gainers on the day with all 20 stocks listed in the Dow Jones Industrial Transportation Average moving higher. Not getting left out of the party are shipping stocks ...
… listed in the Dow Jones Industrial Transportation Average moving higher . Not getting left out of the party are shipping stocks ( SEA +2.2% ), led by OSG +9.2% , PRGN +4.2% , FRO +3.6% and DRYS +2.8% . Post your comment!
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Shipping stocks recover as the sector looks a little downtrodden to investors after a harsh 71% cut on the price target for Frontline ([[FRO]] +15.2%) by FBR Capital rocked firms yesterday. Gainers ...
… little downtrodden to investors after a harsh 71% cut on the price target for Frontline ( FRO +15.2% ) by FBR Capital rocked firms yesterday. Gainers in the sector include: OSG +4.8% , DRYS +3% , PRGN +4.8% . Post your comment!
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Shipping stocks take a beating as overcapacity, slow demand and price cuts on large commodity transports kick in to pressure profits. Analysts at Deutsche and Jefferies add to the negative mix with ...
… kick in to pressure profits. Analysts at Deutsche and Jefferies add to the negative mix with sector downgrades . Select shipping stocks faltering: OSG -6.1% DRYS -4.2% NM -5.8% PRGN -3.6% DSX -1.9% . Post your comment!
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Short Industrial Commodities, Avoid Global Shippers as China Crashes
Glen Bradford submits: Greece wouldn't be in so much trouble if it weren't for the oversupply of shipping capacity and the overcapacity of shipbuilding production -- on a global scale. China has an insatiable appetite for acquiring more industrial commodities than it can put to use using a positive
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A Look at Dry Bulk Company Valuations
The dry bulk market is still depressed after the global financial crisis. Too many ships are on order, there are too few demolitions, there’s too little growth in demand relative to supply and there's a fragmented market. I am not ready to say that the worst is behind us but in the long term I ...
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Why a Suez Canal Closure Would Be Good for Shipping
1. Egypt situation We have all seen the pictures of demonstrations in Egypt and regime change in Tunisia. The question for investors now is the following: Will Egypt be the next domino, or will Mr. Mubarak somehow find a way to stay in power in the near-term? What will happen before we know what ...