Author Topic: PGNT - Paragon Technologies  (Read 5460 times)

Orchard

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Re: PGNT - Paragon Technologies
« Reply #10 on: March 28, 2019, 09:06:25 AM »
hmm...Trump International:

Quote
As an owner you can stay in your condo when you want, and rent it out through the hotel front desk when you're not using it.

Would explain how they can buy in Vegas.


Orchard

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Re: PGNT - Paragon Technologies
« Reply #11 on: March 28, 2019, 09:11:23 AM »

DTEJD1997

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Re: PGNT - Paragon Technologies
« Reply #12 on: March 28, 2019, 06:40:22 PM »
hey all:

I don't think the properties are at the Trump building.  Not 100% sure...

It will also be interesting to see if PGNT holds it's sudden gain.  The stock & volume was off a bit today.

My guess is that it drifts back down, but not all the way to where it was.

If they can keep posting earnings for a few more quarters, then we might get a sustained higher price?

DTEJD1997

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Re: PGNT - Paragon Technologies
« Reply #13 on: May 16, 2019, 02:48:47 PM »
Hey all:

The units that are owned by PGNT are in the Waldorf Astoria.  They are NOT in Trump Tower.

Value^2

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Re: PGNT - Paragon Technologies
« Reply #14 on: May 21, 2019, 07:08:38 AM »
Another Mini-Berkshire.

Mark Jr.

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Re: PGNT - Paragon Technologies
« Reply #15 on: September 30, 2020, 11:02:59 AM »
Sham Gad was on Planet Microcap #141 podcast today

He described the buyout of SED (I assume) as a restructuring and that he took the company from 10M ARR to about 100M ARR.

The latest 10-Q is here: http://pgntgroup.com/wp-content/uploads/2020/08/PGNT-Q22020.VFinal.pdf, nothing has been filed at SEC.gov since 2008 (OTCBB I guess).

The gross margins are ~ 10%. The short term debt is 8X the market cap (~ 32M) and of that, nearly 19M is accounts payable.

The expenses a little bit of SG&A and nothing else, which is then gets you to a low P/E. I find it all kinda weird but I don't know anything about the underlying business (is it paragontech.com ?). 

He described the two condos in Vegas as "we have a subsidiary that owns real estate in Las Vegas". Seems a tad of an embellishment.

SEC filings show him to have gone activist on at least a couple of fronts:

AeroCentury Corp. (NYSE: ACY), where he was trying to get board representation and has turned acrimonious:

https://www.sec.gov/Archives/edgar/data/90045/000110465920108878/tm2031833-1_dfan14a.htm

And something to do with Rubicon Technology, Inc (Nasdaq: RBCN)

https://www.sec.gov/Archives/edgar/data/90045/000114420416108920/filename1.htm

Still looking around that one.

I read his book many years ago and liked it, recommended it to a friend to learn more about value investing.

Don't think I'd invest in this though. Not until I understood it a lot more, like what exactly that anchor business is exactly.