It has not. You just don't know enough about the industry to know that 900 sucks just like a new low sucks. You are a pest with some weird attraction to me.
Now do you mean company or stock for trading? Top company, DSX. Next, NM/NMM. Then SB. These are solid companies with low debt profiles, conservative smart managers and cash and contracts to keep them solid even in industry down turns like we've seen in the last few years.
DRYS would be in the group, but the risk from the CEO and his cavalier attitude is very real and dangerous. On the surface, DRYS would be the best resulting from their ownership of a majority of Ocean Rig. They have some good long term contract on most of their capes. They own a fleet of tankers as well. Their debt is manageable.
They issue shares to anybody and everybody to sell to uninitiated "investors' like those on this board and take out loans at 24%!!!!!!!!! just to keep alive. They are a joke. The next reverse split is likely to come very soon.
' DryShips has more than $5 billion in debt."
No it doesn't. It owns 60% of Ocean Rig so ORIG's debt shows on it's balance sheet. DRYS debt is more in the $1.4-6 billion range for the fleet of 40 or so ships, including the new builds. Completely manageable for them, especially when you take into account the $50 million they will get annually from Ocean Rig dividends. That alone covers the interest on their debt.
The turn in shipping rates happens about five times a year and reverses just as dramatically. You really don't know anything about the company or the sector and are just hoping for a quick scalp. But you are down already, aren't you?
Some will look to sell to lock in gains for the year. Other less fortunate folks, like those that listen to the lying pumpers and rear view mirror traders, will look at tax loss selling. Then the January flood of ships from the yards happens about the same time rates pull back anyway. You'll get this cheaper in Q1, but you'll be closer to the rebound later in 2014. But don't overstay your welcome, 2016 will be a repeat as the order book is simply exploding now.
Greek thieves have ruined this company through greed and ignorance. The losses to investors are monumental and growing. Good job, management. You suck.
They never got one from the last reverse split, why do you expect one from this one? And you better HOPE it actually stays above $1 for the ten days, it has looked very weak lately.
Great. What happens to the share price when the BDI turns red across all classes if the BDI rising allows the share price to crater?
You should have sold when I shorted this over $8 you moron. Now you are just a pest with no knowledge.
"But it is their business to know what is being built, what is being scrapped, etc."
You could make it your business to know. Merely foliow the weekly broker reports from Compass and/or Nilimar. Nilimar goes into detail about new build orders and scrapping in the four main markets for breaking ships up, Bangladesh, India, Pakistan and China. BRS is pretty lazy, really. Their data seems to lag reality by a few hundred ships.