Earnings were good and stock is up .60 today on the good earnings report. I still think the stock is undervalued with the great 2nd quarter report of .29 beating the estimate of only a break even quarter; It's still trading below book value of $22. With a 6 billion dollar backlog and three new rigs being delivered later this year the future looks bright as long as oil prices remain high.
A second article from Motley Fool....hmmmm. Nice to be included in a recommendation that includes names like Merck, AT&T, Philips 66 and ORIG. Eventually, investors will come if earnings continue on the current path and share value below net assets. I suspect a dividend will be introduced in the next quarter or so. Three benefits, 1) investors will pick up shares looking for the income stream component in addition to the appreciation factor and 2) Drys...will benefit from the cash and weather the current depressed shipping slump and 3) GE.... share prices of both ORIG and DRYS will apppreciate