Zacks recommends DRYS before earnings and it craters. Now hes calling it a hold since it cant get it up unlike the other shippers. THen once it goes back 1.25, he will then call it a sell. Zacks is a slimy hebe firm and Cramer is part of the Zionists propogandus machinus which strives to take money away from Gentiles to finance the Zionist industrial military complex.
Whilst new deliveries continue to pressure the industry, aggressive scrapping may be driving significant reductions in capacity growth, illustrated by a flatter slope over the past few months. As companies incur restructuring costs, day rates and industry utilization should improve.1
In the medium to long run, companies will have lower values for assets and stockholder’s equity on their balance sheets, which will boost returns on equity and assets when rental rates and earnings recover (on the condition that they have not gone bankrupt). Examples of dry bulk companies include DryShips, Inc. (DRYS), Diana Shipping, Inc. (DSX), Eagle Bulk Shipping, Inc. (EGLE) and Ship Finance International, Ltd. (SFL). The Guggenheim Shipping ETF (SEA), an ETF that invests in global shipping companies, will also benefit.