They have diluted the stock to the point where that is about the same market cap. But with ORIG having double the fleet and adding more, even the selling off of almost half of it still leaves a pretty considerable gap if rates get strong next year after the dip that is likely coming from the recent capsize surge.
Exactly. A price of 120 today equals about 600 in the pre-dilution stock. You think this is the next big thing? Let's put it this way... if Drys got to,120 then peons like me would be buying a pro sports team.