Moody's outlook for paragon, you might want to read it, here's their take on PGN-buying more bonds:
"Moody's downgrades Paragon Offshore to B2, maintains negative outlook
Global Credit Research - 08 Jun 2015
"We note that if Paragon chooses to buy back a significant proportion of its outstanding bonds using debt or equity proceeds leading to a substantial principal loss to its existing bondholders, such an action could be viewed as a distressed exchange by Moody's."
I am not going to fight the current tape, sold out today at the close, but I will watch this one & into next week, as the trailing 4-5 year EPS numbers are much better than MMP, and KMI. OKS stands to make investors very rich next 6 months!
WOW, read all the posts here....OKS is headed much higher after all the panic is over & calmed down a bit.
The trailing PE ratio average for the last 4 years is 13+, compare that with MMP over 32, and KMI over 41! RELAX. Longs, it's going higher....EVENTUALLY. Dividend is safe, they are expanding pipeline even, can't base everything on one quarter or even 3! This is the time to SCOOP! BUY
If you take the EPS over the last 4 years for KMI and OKS, you'll find that OKS is no doubt on SALE. $.98 EPS -TTM average for KMI for last 4 years. $2.68 average EPS for OKS last 4 years = a PE of 13.92 for OKS & 41.17 for KMI! If OKS traded at KMI's PE ratio it would be trading at $110.3356/ share. KMI trading at OKS's EPS ratio= $15.056/ share. This is over the last 4 trailing twelve month average EPS #'s. OKS should be $110, and KMI $15! Talk about on sale. HOLD oks 3 years, and I know for a fact you will outperform KMI.
MMP has a PE ratio of 32.5 over last 4 years and is still cheaper to own than KMI. OKS, MMP, then KMI in that order! Don't fret, smart money knows all this.
yea but, if MMP doubled earnings after it's consolidation with MGG, and KMI with EPB, KMR, & KMP, it will double earnings as well in 3 years, so OKS, OKE is next. The MLP's are going away since they all have grown over the years. Now they are getting wise to modern situation, in which, consolidation will increase payouts even more! Just sayin'
I see 48.63 million shares outstanding so, $680 million at $14 for market cap. That's only 2X trailing 12 month sales or so with no growth factored in, try $20 target. I am building a position as it goes lower here!
Potential is great for this one with BABA owning 18% of it! At $6.50 it will trade at only 12 month sales for market cap, 1X trailing sales, it probably won't happen, but if it does load up!
to $16 just in the short-term. Strong buy. I really hope management
SPLITS stock 3:2 this year on any run above $30! Give some liquidity back to long-term shareholders that went through that reverse split, and also create some liquidity in the float!
I'd hate to see this company bought out below $45/share as it is!