NM showing had earnings of $1.26 ttm! Drys like .86 loss.. But read Analyst est board!! But maybe that summary board is correct?? And figures on analyst est. board are BS?? But NM, is paying a dividend.. Be a cold day in hell, before Drys, able to pay a cash dividend!! During these distressed times for Drys, seems NM, is just taking care of business.. Drys selling bulker and tankers at big losses! NM, buying..Bougt 4 Panamax for $66M.. 3 built in 2005, 1 built in 2006!! Bottom line: So far NM has kept their wits about them and have borrowing power!! GE has been an idiot.. Let me rephase that.. What he has been doing with Drys, looks like idiocy!!! GE will walk with billions, when all this plays out!!! Excuse me GE for ever insinuating, you are the idiot in all this!! I was getting a little impressed with NM!! Till I read they got 3 newbuild, bulkers being built!! And they got $1.44B debt!! Bottom line: Ithink there is already a glut of bulkers, that will take yrs to work thru, Drys having 4 panamax being built.. NM having 3 being built.. And who knows how many more being built by others?? Just adding to glut!!! And analyst, determining striegth of shipping.. On how many newbuilds are being ordered??? Crazy world ain't it!!!
Greed is a terrible emotion!! Unless you turn out to be right!! Other than kem and all sheits ID's.. Ps me off, to hear, any one called ignorant, In this mkt.. You make a statement today.. May look like an idiot for day or so,, In a wk, could look like a genious!! I hope people are smart enough, not to trade off of any advice on Msg boards!! I exspess my options!! Trying to figure out what they report on those earnings reports!! And they are the craziest figures, you will ever try to figure out??Example: Trying to figure if Drys could report earnings vs losses this qtr, by cutting General + Administative expenses!! Hell yes they could!! but will they!! Last qtr reported losses of $16M,, G+A expenses $36M.. But in looking at those figures, realized voyage expenses had jump in last year, 5 fold.. And as they also list voyage operating expnses seperatly. Did they go from having little #$%$, serving sardines and beany weenies to crew a yr ago.. To goddests, serving Fillet Mignot and cavier this yr??? In Last yr, voyage revenues went down.. Voyage Expenses increased 5 fold??? First thing I will look at on this ER.. Of course will be earnings... Then G+A expenses and depreciation.. And then shrs outstanding!! I think, there may as many as 50M shrs outstanding they ain't been reporting?? With this dilutions.. May give them opertunity to report correct amount of shrs outstanding?? Hey, who really cares if they sold 50M shrs at $5. a shr that never got reported? But where did that money go..All Drys stk holders have seen, Debt continue to grow, and sell off off of Orig!!
I assume you are talking about 1 for 2.. Acutually in watching what Drys has done, in last few yrs., as GE sold about an additional 100M shrs into the mkt, in 09, then an additional 100M shrs in 2010, then anouther 80M in 2011 and now this last dilution..Seems GE has come to realize, ""people"" are oblivious as to how many shrs are outstanding?? All I can see a reverse doing.. It would cost something to do... Would increase loss per shr.. I think this stk, wouldn trade at about same price whether it had 400M shrs outstanding or 100M shrs outstanding?? BTW: a 1 for 2 reverse split would make that stk, you are holding now trading at $3., worth $2.25 if it were trading at $4.50, as your shrs would be cut in half.. Usually only reason a Co would have a reverse split.. If it drops below $1. per shr.. I think if a stk trades under $!, per shr, and they can't get it back, trading over $1. It gets delisted from Nasdaq.. As it won't long ago, Drys dropped to $1.57.. You think GE ain't one happy sole, to be able to pull this extra $200M out of Drys, at these prices?? To go along with the other $2,000,000,000.($2B) He has already sold of it? People should be concerned, where all that money went, along with all those earning, and about $5B of borrowed money!! My understanding GE has become a multiBillionare off Drys, and owns one of the worlds biggest art collections!!!! Smart man.. Art always appreciates!!! Unlike, that Drys stk, that at one time.. People were paying $100. a shr for!!!
When talking about rest of yr.. You can make a statement: Concerning shipping!! In a wk, situation could have changed dramatically For instance: Last qtrly report, GE stated: Didn't expect anything to improve for drybulkers, this yr!! Few days later rates started skyrocketing.. Same qtr!! Stk went from $1.57 to $4. Geo, said, he wanted $200M dollars at these prices!! And expected BDI to stay strong!! Within few days.. BDI started having worst crash of all time? When reading anything GE says! Compare it to this statement.. Of those 3 wives of GE..I think one of them has worst woose, of all times!! I don't blame GE for getting rid of her!! Now I won't let her in my house!!! Reality: I ain't never seen either one of them?? But, not one lie! In that BS! GE is BS artist!!! And has made billions, doing it...And to kemmy and other idiots, that drove this up 11% yesterday.. GE said thanks!! Every $44M is apreciated, over there in Athens!!!
Law of averages would tell you its going to be reverse split!! Since 2005, its landed on atm, every time?? They can't have reverse split??? Lose per shr, would skyrocket!!
BTW: Those rates on BDI, don't represent reality.. Check what BDI was reflecting as rates for Panamax, when NM leased those last 2.. 1@ $9200. per day and one for $11.4K...
I'll give you my conclusions.. There is a glut of bulkers!! And they are building new ones every day!! Those bulkers have a life of about 20 Yrs! Not as many being built now, as in last couple of yrs.. But are still adding to glut!! Here is what I consider crazy? Seems analysts, determine striegth of shipping, by number of ships being ordered!! Think about, that, if there is already a big glut of ships!!
Then clicked onto analyst est board?? It shows NM been losing money, is losing money, and will continue losing money?? Anybody know the truth??
Ben I assume, when you say Nordbank, should scrap. I assume that constitutes.. Selling them to scrap yards? If that is case? Bulkers with life left in them, could be turned around and sold?? Why would they put a torch to a perfecty good ship, they could make more on by reselling it? Bottom line, they wouldn't!! That would give you a situation.. People with few million, invested in thier bulkers, competing with bulkers that may have cost 10X more?? If you wanted to hire a bulker!! As long as they could perform same funtion! Would you care if it was 3 yrs old, or 17 yrs old? Seems this group at NM are pretty good at this game!! Was just looking at last 4 Panamax delivered?? All 4, several yrs old! Which is pretty young for bulkers, who ordinarily have a life of 20+ yrs.. And they got them all leased at pretty good rates, for this mkt...
Oil prices been dropping rather fast!! Right now, looks like Orig, could play out like Drys?? In couple of yrs, could be glut of rigs and Orig up to thier yang yang in debt? Orig looks good now! Getting good cantracts signed! Same as Drys did a few yrs ago on all those bulkers!! Don't know that I ever, saw where anyone were able to cancel contract on one of those bulkers.. Even tho some were leased at $75K per day.. And rates had dropped to under $10K per day!! All that backlog on those rigs, may be different story?? They may have cancellation charges built in?? Either this yr or last yr.. Someone cancelled a contract on one of those rigs, and paid Orig like $23M cancelation cost!!! With demand for oil dropping.. Oil Cos, coming in with less earnings.. And U.S. could be exporter, before long? Could they be over building, rigs? Keep in mind.. GE, made his fortune ordering those bulkers and rigs!!!!And has it set up to recieve 5% of all revenues they generate!! Oh, I am convinced Orig will report good numbers this qtr!!! As for today.. Sort of comical to see Drys go up 11% in one day.. With rated for Panamax, continuing to fall.. And people should be getting concerned with drop in oil prices, when it comes to Orig? Not that it matters to me!! Just looked like a bunch of dumb manipulators, driving it up?? I'm just happy to see oil and gas prices falling!!! A yr or so ago.. Saudi Arabia, had everything budgeted For oil trading at $85. a brl... No wonder they can afford gold covered S pots..
Maybe it was a complaint?? I told one gal one night, I was going to tear that thing up!! While I was in process, of tearing that thang up!!! She reaches over, plucks a broomstraw and starts tapping me on forehead!!! Disrupted that masterful job I was doing!! I ask her, what the hell she was doing!! She said if I was tearing that thang up.. She was beating my brains out!!
Should there be a woman out there, that has figured it out.. Little sales pitch!! I don't want to miss any opertunity!! But I had a gal, tell me, I done it neater and sweeter, with less ptr, than anybody she ever seen!!! Still ain't figured if it was compliment or complaint?? All, I know she was one happy sole!! And like I said.. I can be had!!!
He must be a genious to figure out losses per shr, Will be less.. As shrs outstanding, increase!! Just funning!! Just glanced at article!! Found it amusing, as to what people will report?? Hell if Drys could sell enough stk.. Thier loss per shr, could drop to a penny a shr??? I'm finding it amuzing!! To see people, continue buying, With 400M shrs outstanding?? What the hell, could they ever make, from owning this stk? Other, than figuring out when manipulators are going to drive it up or down??? Now if you can figure that out on any stk.. You can kick that ugly wife, to curb.. And get you a heirom of good looking women!!! And to any woman, who can figure it out!! I ain't cheap, but, I can be had!!!
And Kem, don't get excited.. That was just an exspretion, of how I feel about you lying, manipulators!! No way in hell, I would let you get, that close to family jewels!! Hey, what yall do in those boiler rooms, don't bother me a bit!! You bring it into streets, you could get hurt!!!
Mw, Are U just anouther of these idiots I.D.s that just talk BS?? Of note, this audio, mentions rate surge!! Forgot to mention.. Surge was over a couple of wks ago.. And rates have fallen, faster than they surged!!! Other people may buy into, yalls little stupid games!! As for me.. You can all kiss my old rusty ---!!
Anybody believing that BS! I got better investment than that!!! I just bought the Golden gate bridge!! Need investors, to help me build toll gates!! We can make a fortune!!! I don't remember no 10M shrs, pledged in Feb.. Cause there weren't none!!! Rest is BS!! Now back to those toll gates!!!
Personally I am going to start ingnoring BDI.. They are imaginary numbers, put in by people who, could benefit, from BDI going up and down?? NM, posts what they are leasing bulkers for! 2 wks ago, when BDI indicating Panamaxs leasing at $16K per day! NM leased 2 Panamax.. 1 @ $9200. per day. 1 @ $11K?? That should tell you about how much BS, is tied into anything, concerning, these Drybulkers!!! Since 2005, when all those dudes in Athens, took them public!! Investors have invested over $30B? And for that.. They now own, glut of bulkers, losing money and well over $30B debt?? BTW: I just pulled that $30B figure out of thin air.. Based on, Drys has sold over $2B Of Drys stk, about $1B of Orig stk, and have debt of about $5B??
daniel, "my point" Even you realize Drys mkt cap, would include, fact, they own that Orig stk! Your figures are disregarding that $347M deficit, or shrs of Orig stk, pledged to cover that deficit? How much are those bulkers and tankers worth?? Last qtr. I concluded Drys portion of that $4.5B debt to be between $1.7B and $2.25B.. Don't Know if that $4.5B includes 60% or 100% of Orig's debt? Could only contain only 50%?? If they reported as, Drys don't own, those pledged shrs?? All this is irrelivant right now... Getting new figures in few days.. Should show, how many shrs, Of Orig had to be pledged, to satisfy debtors.. And Maybe, they will actually tell what Drys debt is?? If I see, anything positive! Rest assured!! I would post that!! Just hard to find anything positive about all these Drybulkers, with glut of bulkers.. And in debt up to thier, uh huh, creating the glut??? Keep this one little fact in mind!! Those bulkers have a life of like 20-25 yrs!!!
Hope all yall read, whereby Audio, explained.. How they come up with BDI rates!! Those figures, on BDI, ain't got nothing to do with what those bulkers really are leasing for!! Now some good news.. All those Panamax of Drys should be worth more now, than last qtr? I think last time Drys wrote a yr contract, on one of those Panamax.. It was for $7K per day.. Most of Drys Panys, on spot... Novorios ( NM), a couple of weeks ago, leased 2 Panamax for 7 mths.. 1@ $9200. per day..1 @ 11K+.. Not great rates, but lot better than $7K per day!! What you should worry about! If people in shipping have got, so they have same opinion of GE, as I have? They may not want, anything to do with him?? May, just tell him to stick, all those bulkers of his, where the sun don't shine!!!