What happened to those $100K per day rates for tankers?? As far as a dividend.. Looks like won't be no need for hell to buy a lot of ice skating shoes.. I have told you repeatedly.. Hell would be froze over.. When you saw another dividend out of Drys... If yall keep spewing your lies.. Hell is going to be just as hot as ever, when you get there... In fact. When I get to the pearly gates.. I may just ask them to send me to hell.. What would the devil ever do to someone, that ain't never done anything wrong.. Maybe, he would let me stand beside him.. And help him decide, what you lying SoB's punishment should be.. BTW: Geo, don't exactly lie.. But lot of his BS, is way off from the truth!!! If I knew him personally. I think me and him may be best of friends.. And laugh about all the billions, he has made off dummies, buying this stk ? But as I am sitting in N.C. broke.. And that SOB is sitting in Athens with billions.. F him... BTW: When you are hungry.. A bolognia sandwich is as good as any steak, you ever eat... But when he shows up in hell.. He is going to have to pay.. I know that SOB is bedding down better looking women than me.. And that really ticks me off!! But in my younger days??? But that's another story..
And that will eat Drys alive, eventually!! But TCE for bulkers were a nice surprise.. Lot better than 3rd qtr.. But tanker rates, more than a big dissapointment !! From lies that was told on this msg board... Not only weren't they up.. They took a hell of a drop! In mean time.. The one good surprise of those bulkers.. Since Dec 31st.. They have tanked.. Drys will lose a hell of a lot more money in 1st qtr of 2014... Maybe this $200M yall are sending to Geo. will cover those loses?? If not.. Next move.. Will be selling more of that Orig stk...
But to figure their results.. You have to subtract Origs results... In the mean time.. Drys and Orig, should both tank tomorrow?? If you can get a decent price in AH.. Take it..
Did he say anything about how happy he was that dummies were still buying this stk? As it keeps losing money and adding to debt?? I couldn't imagine those figures looking that bad for 4th qtr.. As rates for bulkers skyrocketed twice in 4th qtr...And the lying SOB's on this msg brd, telling us rates for those tankers, had skyrocketed.. I haven't looked at Orig's result yet.. But it looks like from what I know.. Just a matter of time.. Before Drys in BK status??? One thing I did notice.. General and Admin expenses went up.. Is GE delibratly driving Drys into BK??
Son, the SEC won't ready for the manipulators that took over in 2007.. Still putting them in prison... If you think the SEC has the power or manpower to deal with these drybulkers, Incorporated thru Cyprus. I think you should think again.. As maybe the whole economy of Cyprus, may depend on drybulkers.. Maybe drybulkers write the laws?? Bottom line.. As one time Orig was subsidiary of Drys.. And now for all practical purposes an intity of its own.. With over 50 subsidiaries.. That we ain't got a clue as what is really going on.. Get you a job with SEC.. I ain't sure they can question, what a Co. incorporated thru Cyprus is doing?? They tell you all their figures are unaudited and beware, if buying their stk??
Geo, has built a shipping dynasty.. With the billions from stk buyer... But not for them.. But for himself.. All you dummies have for your billions.. Is all that debt, that ain't worth assets.. And GE didn't waiste all that money.. He owns one of the worlds largest art collections.. That you paid for.. And art just keeps appreciating.. Shame it all belongs to Geo!!! But sometimes, you can see what you bought him.. As he lends it out to Museums to display! If you get to see it.. You should be proud.. To know you contributed!!
People, can kid theirselves if they want too.. But with Chinas banks in state of Crisis, over bad loans... You better get you a Panda Bear.. If you want a warm fuzzy feeling, when it comes to these Drybulkers... It will be at least 2 yrs,, Before China starts kicking again!!! In the mean time.. What are they going to do with this glut of bulkers??? Not a lot of money.. Sailing them up Pete"s arz, to watch, the sun rise... Crazy part.. After GE has already sold $2B of Drys stk.. No one blinking an eye.. While he is selling this $200M worth.. That is one selling SOB!!!
In the mean time.. This dummy has concluded DSX ain't worth no more per shr than Drys.. And its trading at $12.50 per shr?? And mind you.. This is before Drys report.. Drys may be worth $2. per shr?? If you want to bet one going down? Not a lot of money here.. But DSX??????
Just glanced over their results.. But with the 2 big spikes in bdI in 4th qtr.. Leased 2 Panamax at like $11K in Nov and Dec.. Leased one for like $20K per day.. What did Drys get their 20 Panamax leased at in 4th qtr? Or did they lease them all before rates went up, in Sept? Right now.. I expect the TCE for Drys fleet of bulkers to come in a little better than 3rd qtr.. But not enough, to make a lot of difference? As for those tankers.. I ain't got a clue.. But if they come in with a TCE, of over 50K per day.. They could be a game changer.. But if they come in with about the same TCE as last qtr, of $15K per day.. I am going to pull up some of these lying SOB's post.. That said those tankers were leasing for like $100K per day... You got 1hr and 45 minutes. To place your bet..
Hell, I ain't got no edumacation.. But I can still read!!! And sure cypher enough to know. If they lost money in 4th qtr.. Its just going to get worst.. As BDI has crashed since 4th qtr?? These SOB's telling everybody.. Things are going to improve, in 2014.. Why ain't they explaining why since first of yr.. Rates for Capes have dropped from $38K per day. To under $9K per day.. And rates for Panamax and Supramax hve dropped from like $18K to $10K per day? You listen to people, wanting you to buy, these worthless Drybulkers.. Us unedumacated fools.. Will just keep watching BDI.. And see what these bulkers are leasing at...
In the mean time.. Foe a #$%$.. I am very edumacated!! Got my 6th grade edumacation.. In mean time.. Live in the hood.. Where everday.. Its like if you come thru that doe.. I will knock you on the flow!! If youse want to be a grammer teacher.. Forget about me and Jethrow Bodine!! We are the best edumacated, in the neighborhood! In the mean time.. Granny and Jeb.. Said they wouldn't pay $1. per shr for Drys.. But pay no attention to them.. They are 2 unedumicated hicks.. But we love them anyway!! Hell, me and jethrow, think it may be worth $1.10 a shr... We'll let you know.. After we read 4th qtr results..
If these crazy hedge funds of who ever is willing to give GE another $200M, at these prices.. They are playing with other peoples money.. To keep stk price up!! While making themselves a few million per mth.. Selling options.. You are aware they can trade it back and forth all day.. With no fees attached?? I didn't think they would let GE weed them out of $200M? Looks like I was wrong...Right now.. I figure at best.. Drys should be selling at is $2. per shr.. Yet on any given day.. They can drive it higher, By just trading back and forth.. I guess $200M don't make a bit of difference, in their circle??? Seems like a lot of money to me!! Sad but true!!! They can drive it lots higher!! Just bet they can't..
Not all of us.. Some of us done retired.. Just drinking it.. Can't drink it all.. But other nite run across dudes running a still in middle of the nite.. My buddy, turned to me and said.. We may not be able to drink it all.. But we got them working nites.. Dingo, one nite.. Had a friend out of Tenn. who, said him and a buddy showed off! And showed someone their still.. Who their daddy had told them never to do! Bottom line.. They had 50 Gallons stolen.. He had pulled some time?? As we were out hustling pool.. I asked him.. Did he kill the dudes that stole his liquor? Never forget it! He give me a look!! You don't ask questions like that!! He ranked close to toughest dude I ever met.. As a brick layer.. Slap him on shoulder.. Like slapping a cinderblock wall.. Shot good pool!! But after losing enough money to me.. Decided he rather, bet on me, than against me... We made some money!!! Course I always did.. But felt good.. Knowing how crazy idiots could get, if you beat them on their home table!! Knowing he had my back!!!
You can learn a lot by reading DSX report.. Bottom line.. Those 2 big spike ups in BDI, in 4th qtr.. Didn't do DSX a lot of good?? The big joke.. DSX may not be worth any more per shr than Drys. Their fleet is mainly CAPES and PANAMAX!! And they are losing money.. And going to be losing a lot more going forward, if we don't see a big turn around in rates for Capes and Panamax.. And from someone who has followed those rates for a few yrs.. I do expect, rates for Capes to go back up to at least $11K per day.. But do expect rates for Panamax to continue to fall? How low could they fall, is anybodies guess?? But as long as there are capes available at these rates?? Shouldn't be a lot of demand for Panamax.. And Drys fleet, is mainly made up of Panamax...
Now, even thou DSX come late to party.. To use any equity to borrow money.. Looks like they are throwing stk holders under the bus.. As they just keep borrowing money, while losing money... Before long.. DSX will be trading at a few dollars per shr.. Just like other Drybulkers... Those dudes out of Athens, are taking care of themselves.. At this price.. You should be glad to bail? And let them blow smoke up somebodies rectum!!! Have any of yall seen how much rates for these bulkers have dropped since, beginning of 2014?? They have absolutely crashed!! If you think 4th qtr was bad.. Wait till you see 1st qtr results... Right now.. DSX may be biggest joke, of all drybulkers, on stk holders.. As it is still trading at this price??
TCE for those bulkers and tankers.. Respectively: In 3rd qtr Like $10K per day and $15K per day.. Did those big spike ups in 4th qtr BDI really do Drys any good? And then.. What happened with that Cape, leased at $10K per day.. That could have been returned from like Nov 2013 till March 2014? They could have got it released at $38K per day or $8K per day? But as that Orig stk, is Drys main asset.. Will GE just keep taking all the profits.. And continue reporting loses?? Those rigs are making good money!! Yet after GE chops it up.. They report loses.. You should read some of the figures they have reported in past earnings reports?? Seems GE thinks we all just come from Chimp Eden or Orangatan Island? Hell I am ready to agree with him? I would have never believed he could sell another $200M worth of Drys stk. At these prices? What do people believe they are buying? With like 400M shrs outstanding? Hell buy EGLE, if you just got to own a drybulker..They got like 16M shrs outstanding? In the mean time.. EGLE could go BK, way before Drys?? That is if that Orig stk, has any value?? Guess that question will be answered when they report? Right now, they need to get some new contracts signed! With all the debt GE has been piling on them..
Were you dropped on your head as a baby? Drys ain't been generating revenues of but a little over $75M per qtr.. With like $1.7B debt.. Just to cover debt covenents, in last yr. Sold $126M worth of Orig stk.. Pledged over another 5% of their Orig stk to lenders.. Drys dumped and took huge loses on 2 tankers, and a few bulkers they couldn't afford to keep building.. Now selling another $200M worth of Drys stk.. Just to keep, lenders at bay! Now if value of those capes, Have dropped anywhere close to what they are leasing for, has dropped? Even with this $200M of free money.. May not be enough to handle covenants on those loans? As for the $25M carrot, GE dangled about Orig declaring a dividend? The most that could flow to Drys is like 59% of that.. Yea boy! What a deal!! And it ain't like it would go to Drys stk holders.. It would just go to where that other $326M, from sale of stk, went.. You will be ice skating in hell.. Before you see a dividend, from Drys... GE starting taking it all, in 2008... Are you aware.. 3 mths ago.. Drys was selling at about $3. Check out historic prices board.... It tells you exactly what Drys has traded at daily for last 3 mths.. And if rates for those bulkers don't turn around soon.. 2014 may turn out to be worst yr. ever for drybulkers?? Rates for Capes, so far in 2014. Hve dropped from $38K per day to $8.3K.. Rates for Panamax + Supramax from about $18K to about $10K per day.. Yea! 2014, looking real good!! And now, China banks in crisis mode! Over bad loans... And well known.. Greece can't or won't pay their debt?? Now people sending GE another $200M to go along with $3B from sale of Drys and Orig stk.. $5.4B in loans.. And just what happened to all those Revenues Drys has generated.. And now Orig?? I'll make a deal...Send me that $200M I'll pay back $100M in dividends.. Be a lot better deal, than anything we seen out of GE since 2007.. He started taking it all in 2008... Read past earnings reports....
And if you don't believe, that I believe.. They ain't truthfull about debt.. Check Orig's last 2 earings reports.. I think they were hiding debt and interest expense... But eventually Got to explaine where all those revenues Orig is generating, is going.. Last qtr.. Orig generates $329M in revenues.. Iterest expense was $102M.. When you add what they reported for General and Admin expenses.. About half of revenues gone.. Before paying any expense of operating those rigs..
In 4th qtr rates for capes and panamax spiked up twice, big time.. Did Drys get any of those Panamax on spot, leased when rates were up?? And then was any truth as to what they said tankers were leasing for? If so, we should see big improvement in tankers? As in 3rd qtr. TCE for those tankers was like $15K apiece.. In mean time? Do they ever really tell the truth about debt?? As it seems all GE ever does is roll over debt and borrow more, if there is any equity to borrow against... That $1.9B loan of Orig, they just rolled out to 2021.. Not long ago, Was $1.6B.. When they rolled it over.. Got an extra $300M.. And there is other charges, that will be coming due on that loan in 2021... And as Drys and Orig are 2 different entities now.. Orig itself, shouldn't really own any of its stk? So where is all that Orig stk, those Subsidiaries are using to obtain loans, coming from?? Take the time to read how they spun.. Rolling over that $1.9B debt.. And they left us hanging as to how much of that Orig, stk was pledged to roll over Drys debt in 2nd and 3rd qtr.. Right now.. What Drys is worth... Depends on what that Orig stk they own, is worth?? And it seems some strange stuff going on at Orig.. with all those subsidiaries??? I think some of them are in direct competition, with Drys.. Own drybulkers?? Did Those 2 tankers, that Drys ended up losing about $100M on.. End up in one of their fleets? And those bulkers.. That Drys eat, a bunch of building cost.. And thru in cash, for someone to take.. Even GE admitted some of them went to family or associates of Drys?? Lot of interesting info, in those earnings reports.. If you took the time to read them.. In mean time.. Whats the best Drys could report for earnings? Been generating little over $75M per qtr in revenues.. With 400M shrs outstanding?? And going forward.. Don't over look.. Since 4th qtr.. Rates for Capes have dropped from $38K per day to $8.3K per day... Shouldn't effect 4th qtr, thou.. But does effect loan covenants
They got last qtrs. earnings out 1mth, 4 days after qtr ended.. Qtr. before last 1 mth 7 days.. 4th qtr taking 1mth. 18 days.. How you consider that one mth early?