Nah, you probably misread. I HATE drybulk at this point. I am glad he unloaded a few, would love to see 12 more go over the next quarter or two. And I am very critical of how we got here over the past 5 years.
But, at some point, it's water under the bridge as long as the behaviors that caused such pain for investors is now muted or even non-existent.
The new three year contract was the big kicker for me, actually. I expect two more of those soon, and perhaps even contracts for the 2013 rigs. That would really kick things off.
He was bashing. Remember? GE will steal your money. GE will spin off ORIG and leave DRYS with nothing. Remember any of that?
Well Audio has bought DRYS and now he is not as negative. Instead of blatantly saying GE will steal your money, he just says UDW is good, just watch out for George's moves. Remember how in Dec he said prices will stay low because earnings will be bad with mobilization? Well, he bought, and bought more before earnings announcement. Even sold some of his SDRL to do it.