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DryShips, Inc. Message Board

  • michelle_michelle34 michelle_michelle34 Feb 20, 2014 12:49 AM Flag

    Why the revenues for DRYS for the quarter was so high for October, November, December

    Google "BDI Index and Bloomberg" and you can see a chart of the BDI Index price.

    You will notice that in most of October the BDI Index was in the 1800-2100 range. In November it floated down to 1600 range. Then it rocketed up at the end of November to 2300 max for most of December. So, just by visually looking, ti appears the BDI Index from October through November was around 1900.

    Now, in January, the first week the BDI Index plummeted to below 1500 and settled near 1100 by the last week of January and we are still stock after 3 weeks around 1100. So, so far the average for January and most of February so far the average is around 1300 for the BDI Index.

    Now the huge SPIKE in the October and December of the BDI Index was due to end of year push by the Chinese to stock inventory that they have not worked off. There is no drive now to do much shipping due to this stockpile and you will unlikely see 2000 BDI Index again for quite a while. That is why last week and this week it has only moved up +1% a day.

    This tells you the next quarter will be a disaster with revenues down sharply and the losses even more.

    Look at the BDI Index chart yourself to see the disaster unfolding.

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