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DryShips, Inc. Message Board

  • smythwrd smythwrd Sep 19, 2013 11:00 AM Flag

    Be Careful DRYS may be Getting Ahead of Itself

    thanks to Cramer.

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    • This is more than a pump job! I have sit here and watched it with, disbelief.. A couple of mths ago, Drys had a cape, come available to lease.. They wrote about 1 yr contract at $11,500. per day... Now they are leasing for over $36k per day... Less than 1 mth ago.. All those Panamax, Drys has on spot were leasing for about $7200.- $7400. per day. In about 3 wks those rates have about doubled!!! Bottom line, if those rates can hold up?? The value of those Capes and Panamax may have doubled... That changes complexion of everything.. All that debt of Drys, has covanets attached.. Last 2 earnings reports covered Drys selling Orig stk and pledging Orig stk to cover those covenets!!!! As Drys won't report again for about 1 1/2 mths... Keep an eye on BDI??? How hard would it be for all those dudes over there in Greece to hold enough bulkers back, to drive rates up?? Hell of a lot more profit, renting one at $36K, than renting three at $12K per day!!! In the mean time.. Other than catching stk movement!!! This is the dudes over in Athens, sandbox!! I don't think you are doing anything, when buying any of these drybulkers other than, suporting them!!! And of course you got those manipulators posting constantly, telling you to buy or sell, depending on how they are playing!!! As the dude on Big bang Therory said.. Hit it and quit it!!! When you think, you figured out something nobody else has!!! Think again.. As of right now.. Rates for capes, ain't doing Drys, any good.. Other than value of bulkers increasing!!! I know rates for Panamaxes have got to be helping!! But ain't sure they are profitable, after doubling in last mth??

    • I've seen these pump jobs before. It's a classic.

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