You just bought into DRYS at a high point. I think the main factor to know about the dry bulk shipping industry is that the market fluctuates a great deal based on economic conditions, ship supply and demand. Good earnings are not dependable and growth is not dependable. So typical evaluation, discounted cash flow analysis, for stock is this industry do not hold up. This is why a company like DRYS can earn $7.10 in a quarter and continue to have a PE under 5 and a really low PEG ratio. In this type of industry it seem to me that companies need to become dividend stocks to properly reward investors since share price growth is unpredictable. DRYS is not going that route yet, since they are diversifying and growing their fleet. What makes DRYS such an appealing investment is the deep sea drilling investment that can give them growth, and the high earnings from the shipping business that gives them captial, and a lot of it. Since the market is not perfect, there is a great deal of trading opportunites in DRYS and other shippers, based on short term economic changes, and the BDI. I think DRYS is a great investment <$75 a share. If DRYS starts paying a dividend it could be significant, and they are alluding to a spin off of the drilling company. I am not an expert in this industry like some of the others on this board, but I do think there is an explainable reason for the low PEs and the factors contributing to it are not likely to change.