Cookoo, Cookoo!!! You must be looking at what drys was worth at end of 2010.. Since then GE has' stole it all!!
Pip, one of us are crazy?? You saying, they can justify drilling in Deep water till oil drops to about $30. per brl... I'me figuring they wouldn't lease a rig at what they lease for.. Unless oil is at $80?? And make no mistake! We could both be way off? In mean time! Oil Cos been at this bussiness a lot longer than Orig.. In trying to figure out if that backlog means anything? If I were an oil Co. I would have put in contract.. If oil dropped under a certain figure.. This contract is null and void!!! As I ain't got a clue as what is in those contracts.. Maybe that backlog, means something? But till we know? It's worth questioning? In the mean time.. That rig that was leased thru Aug.. That they returned... Big deal, GE is going to carry them to court.. Anouther one or 2 like that.. Orig could be BK, before getting to court??
Drys or Orig will not survive for 2 to 3 yrs.. Oh they may survive.. If existing stk holders get wiped out! And they turn around and sell new issue of stk, to a new set of dummies!! What's amazing to me.. Lenders went in and; took over EGLE's assets.. For debt they owed.. They wiped out old stk holders!l Which I figure should have wiped out debt? Issued new stk.. What the F?? New stk holders still owe like $1.22B to somebody?? Seems the ones that took over EGLE!! Going to take money from new issue? And still want to collect money owed from past loans... Pretty good deal.. If idiots will buy new issue.. Amuzing part.. They kept new issue at like $14. a shr, for a while?? Now it has been dropping..
I about lost everything I had from betting those bank stks, would turn around from 07 till 1st qtr 2009.. They just kept dropping.. But big difference in banks and these drybulkers.. You have to have a banking system.. So Gvmt had to step in! And bail them out! I think these drybulkers are out on a limb of their own? As for Drys.. When it looked good! GE took all the money, it was earnings and money from about $3B worth of stk.... And borrowed, as much as they would lend him against assets.. Hey those bulkers have a live of like 20 yrs.. There will be plenty of bulkers to lease for yrs... Regardless of who ends up owning them.. For last yr or so I been studying DSX.. At first, thought they may be responsible and cared about stk holders.. BS!! They care about, one thing, how much the ones running it, can make.. And been throwing stk holders under the bus!! GE threw Drys stk holders under the bus in 2007...And made himself billions.. All past earnings reports are in Drys website..
As kemmy started a new post.. and quit bumping this one after I replied.. If you want to read reply.. Here it is..
Kern you keep on posting to wipe everything else posted off.. I will start pulling up past post.. With lot of other facts.. You don't want on this first page..
It should be this simple.. Ever how many shrs outstanding, at end of qtr.. Is how many there are outstanding... Plain and simple.. So why do they report the BS they do??I'll tell you what I think... GE don't want you to know how many shrs he issues himself.. Just to turn around and sell them into mkt.. According to Key Statistics board.. Drys has 670M shrs outstanding. I had calculated 663M... Based on: In 2nd + 3rd qtr there was 413M.. And they sold an additional 250M in 4th qtr.. That adds up to 663M... I do hope yall realize.. There was no explanation of why shrs increased 4M shrs, in 2nd qtr.. By the time the smoke clears! No body will be asking where those 4M and maybe 7M more shrs went.. Check out how they reported.. There was 587.7M shrs outstanding last qtr.. We know that is BS!!! If ever dealing with GE.. Always have your KY jelly...
Just how ignorant are you.. looking at what Drys traded for in the past?? Nothing in past is relivant.. Drys now has 663M shrs outstanding.. Bulkers at historic lows,, And Orig will deffinatly go BK.. Thus taking Drys with it..
Best I've ever seen..Been buying Drys all the way down.. With most people. They would have lost a fortune.. Not ole Kemmy!! According to kemmyl Made a fortune! And ready to retire??
I ain't going to do the math.. Cause I ain't got one penny invested.. But to see who is in the lead.. Drys has like 663M shrs.. Trading at like 72 cents... Orig got like 132M shrs trading at like $6.. Personally! I think they will hit the finish line together.. Now, looking at those figure. Realize drys is in the lead to zero.. Let them return another of those rigs or cancel a contract Of Orig.. Hell Secretariat couldn't out run Orig to the finish line... Bottom line: I am calling a photo finish.. Drys and Orig file for BK at same time.. The winner will be.. Ever who they hand the paperwork to clerk first.. If they hand them to clerk at same time.. There is no winner..
WARNING ALERT: You can talk all the BS you want to about me.. Be very carefull! You start calling my friends lowlives... I will go on you like white on rice!!!
BS! All blue mountain is trying to do.. Is get some of their money back and cut their loses.. Sorry, they are selling, while you idiots trying to drive it higher.. You drive it up 1 penny and see if BM, won't sell you some more! GE tricked them into buying all that stk they are sitting on... And losing their a..! Now if you want to see a low life loser..Look In a mirrow!
Don't believe I would say what they been doing. As going up a lot... More like clawed back to $4900.. But I been checking that weekly report that Compass Maritime Weekly, puts out.. About T/C rates.. Is that BDI a joke? I can't determine?? Drys TCE don't indicate, they are leasing any panys at $3.3K-$5K per dayll And DSX hasn't leased any of their panys at under $7.1K per day...
And for the yr.. 60 days ago estimated to lose .09 for 2015.. Now estimated to lose .50.. DSX has money to weather that $40M loss! Now the question is? Will these drybulkers ever get back to profitability? They got DSX losing money in 2016? But no one knows what those bulkers will be leasing for.. A year from now!! Unless they got one of those little glass balls, that show the future... I ain't never been able to get one, that works???
Anybody know where to pick up those free shrs... Kemmy where were you picking up that free cheese? Did they just send you certificates to get it at grocery store? Or did you have to go to welfare office?
If they return another of those rigs, Like the one that was leased thru Aug, early.. I don't know how he can help, but come out and tell everyone.. How close Drys + Orig are to BK..