7 Hot Commodity Plays for High Inflation

Top 5 Stocks for the Recovery

Best Cheap Commodity Stock – Paragon Shipping (PRGN)

Picked by: Nancy Zambell, editor of Buried Treasures Under $10

Strategy: Fundamentally strong yet undervalued companies

Though not strictly a commodity stock, Paragon Shipping, Inc. (PRGN) is well positioned to benefit from the commodity boom since it ships dry bulk cargoes around the world. The company owns and operates a fleet of seven Panamax dry bulk carriers, three Handymax dry bulk carriers and two Supramax dry bulk carriers with a capacity of approximately 765,137 dwt. That means anyone shipping metals, grain, timber or a host of other commodities will be booking space on PRGN vessels. Despite the recent enlargement of its fleet, the company’s revenue days under time charter will be 100% for 2010 — meaning it’s not wasting space on those big ships, but putting them to work. That’s great news for shareholders and a bullish sign for Paragon.

NEXT – Best Small Cap Commodity Stock