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DryShips, Inc. Message Board

  • mister.harrison mister.harrison Jul 29, 2013 7:29 AM Flag

    This is DRYS, whose ownership of Ocean Rig is worth $1.5 BILLION.

    Post your nonsense on the MB of DSX, EGLE, GNK, NM- Pure dry bulk. Not here- you losers.

    Sentiment: Strong Buy

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    • forgot the GE angle. run by crooked self dealing CEO loking after Cardiff's best interest. DRYS is the neglected foster child that only the poor small shareholders care about. They are mostly poor because of GE BTW. MIT genius. you got to give it to George, cause you know he will take it anyway

    • In addition to the $1.5 billion stake in another company's stock, Dryships also has $300 million in cash so the current assets is more than its total debt. Also, the company owns 10 dirty tankers that are currently employed throughout the globe. Also, the company owns 12 capes that are all chartered above the current BCI. Also, the company owns 24 panas that will help the company grow earnings when the Panama Canal expansion is complete. Also, the company's newbuilding program is under $100 million. In conclusion, Dryships is a highly diversified company which is trading at 30 percent of its value and will have a strong Q2 report due to the increasing value of its SWAP positions.

      Sentiment: Strong Buy

      • 3 Replies to mister.harrison
      • Harrison, I saw your post yesterday and think it rings true more than ever today. Q2 will be the most profitable quarter in DRYS history with the success of ORIG and the interest rate swaps. $10 Billion in assets, $6 Billion in Liabilities (mostly belonging to ORIG)- $4 Billion in book value and trading @ $700 million. DRYS is trading under 1/5 its book value. DRYS gets to $5 once Economou speaks.

        Sentiment: Strong Buy

      • One word of truth in all that BS!! Capes leased at above BCI!!! Still don't know if they are really profitable or if they are worth what is owed on them??? By now Drys, may not have two knickles in cash?? And they didn't just pay someone $20M to take 2 tankers, and take the hit of what they already invested in them, If the tankers are worth anything!!! Swaps may show a gain!!! But for swaps to show gains.. Its because interest rates have gone up.. Last thing Drys and Orig, should want to see!! With all thier debt!! BTW: Pay no attention to anything posted by us idiots on this MB!! Most likely it will trade at about $2. per shr, untill Aug options expire.. Check out options brd!! Ain't much money here!!! But is manipulators job, to make what money there is?? Boom, close at $2. on options X... All the $2. calls and puts, they sold, expire worthless!!!

      • "Also, the company owns 24 panas that will help the company grow earnings when the Panama Canal expansion is complete."

        That is the complete opposite of what will happen to DRYS fleet of what is currently called "panamax".

    • The market long before it made sense had a huge discount on this stock. I say its being manipulated by the HFT's and it will take positive news on Earnings to move this stock up. So, play it as a trade until it isnt......

    • harrison, maybe that is a good figure?? But why did you fail to mention Drys debt is at least $1.7B?? And they reported .30 per shr loss, last qtr on 382M outstanding shrs!!! And may come in with about same loss this qtr, depending, what they have done with those newbuilds, that they been getting rid of, at huge losses!!! Drys biggest problem, is that fleet of panamax!!! Ain't no demand for them.. And may never be.. And it sure didn't do Drys any good, when GE, ordered 4 newbuild panamax in Dec 2011, for I assume Cardiff(himself) when rates for panamax, had shown a little recovery.. Then rates crashed back to about historic lows! In Feb, he announced he ordered those 4 newbuild Panamax for Drys.. To go along with all those others that are on spot, and no demand!!! And why didn't you point out since the beginning of 2011, Drys ownership in Orig has fallen from 100% to under 60%?? And after they report?? It may be under 50%?? But I'm sure everyone appreciates you pointed ou,t about the only good point of Drys!! They do have equity in that Orig stk they own!!!

    • 'This is DRYS' just about says it all.

      There is a 'one handle' coming very soon.

      DSX earnings will be the catalyst.

    • This also America and a free forum to post whatever one likes...don't like it? That is what the ignore button is for...GL changing anything in this forum.

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