"Ocean Rig Udw (NASDAQ: ORIG) released its earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.34) by $0.13. The company had revenue of $237.66 million for the quarter, compared to the consensus estimate of $232.90 million."
"A number of research firms have also recently commented on ORIG. Analysts at Barclays Capital cut their price target on shares of Ocean Rig Udw from $29.00 to $26.00 in a research note to investors on Thursday, February 14th. They now have an “overweight” rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Ocean Rig Udw in a research note to investors on Wednesday, January 30th. They set an “outperform” rating and a $19.50 price target on the stock." zolmax news
By the time GE is done we will own very little of ORIG. At a loss of 20 million a month in the dry bulk sector and 2 years to go before breakeven DRYS shareholders will be holding the bag. GE in the meantime will get his 25 million a year in fees and life is good. After 2 years in this as an investment its obvious the GE business model is not for shareholders.
On top of it all,GE has been selling Orig for less than what he paid for OCNF!!! If ORIG dropped to lets say 5 dollars a share and George needed the money to cover the covenants with the banks this P O S would sell it albeit not the "preferred option"....this guy is the most disgusting person on Earth!!!