Gio, If that BDI, don't quit dropping?? And ain't so sure, as its already dropped so much.. That before long.. I think you will have been glad to get your $2.72 back?? Now that is coming from someone, who is convinced there is a glut of Bulkers, that there is going to be no demand for?? And look at all that debt created, when they built that glut?? As for those rigs?? If those first 6 should have ever been reporting good earnings.. Should have been last 2 yrs?? Yet they been reporting loses?? Oh revenues will go up with new ones.. But in last qtr, Orig debt went up $800M.. Now showing debt about $3.5B other liabilities of about $500M... Now Orig's debt, little over $4B?? Last qrt, backlog on those rigs actually dropped a little!!! Got rigs to lease.. And price of oil has dropped right much, lately??? From about $105. a mth or so ago, to about $93. today?? And don't think Orig is only one having new rigs built!!! What will Orig's debt ultimatly be? And what happens if oil drops another $20. or so???
And I have come to believe.. CEO of these Drybulkers, are the only ones making serious money on them!! May be the last ones to listen to, concerning anything?? As rates for Capes and Panamax, been dropping like a rock, since she made that statement? Was she just lying or out to lunch??
Oh hell yes.. Either they are out to lunch, as you say.. Or they tell the side of any story they want to point out.. And leave out a lot of the true story??
And the way GE and analyst got loses from .17 to .07 is pure BS! Remove those loans that they paid off as one time items.. When they paid them off with new loans!! Origs debt in last qtr alone.. Went up about $800M!! Interest expense went up so much.. It don't even make good sense?? And what a deal.. Planning on IPOing a subsidiary of Orig?? How much money will that generate, if it happens? In process of selling $200M more of Drys stk, to go along with over $2B of it they done sold to a bunch of fools.. Stk holders aught to be beating door down to buy Drys and Orig stk.. As they "may" in 2nd qtr of 2014 pay a dividend of $25M to that IPO'ed subsidiary!!
If you are one who wrote seeing alpha article.. You ain't been fooled.. Either you think everyone else is walking around with thier heads up thier uh huh.. Or you got yours up there!! Particularly liked how you pointed out what earnings would be EBITDA?? Yea wouldn't it be great if most of that firgure wasn't made up of all that interest on over $5B debt!! I can see where you may want to get realistic picture of earnings and remove depreciation.. But at no time can you ignore all that interest expense on all that debt!!
dv, You are aware Drys and Orig reported loses last qtr.. And revenues went up about $60M While interest expense went up about $72M.. About now, you may want to start worrying if Drys will be around 12/14???
Ike, I am like you.. I think any dividend goes to people, who buy stk in that subsidiary, Orig "plans" to IPO?? Looks like a bad deal, for existing stk holders, to me? All I can tell everybody.. Read that paragraph in Orig's earnings report good, where they discuss, thier plans for IPO and possible dividend.. And let them decide what they are saying?? Not fair for me to express my opinion? I ain't believed one word GE has said since middle of 2011. When he said Drys may buy back $500M worth of thier stk, While they were selling Drys stk into mkt!!! He may not exactly lie!! But a lot of what he says, is long way from truth!! I'll tell you one thing.. He is a slick SOB.. Orig generating all those revenues! Yet debt goes up $800M last qtr..And they report loss of 16 cents per shr for 3rd qtr.. He spins it as things are great, dangles carrot of $25M dividend?? Stk goes up??? Oh things are great for one person!! I figure it will take anouther yr or two, for Orig to be in shape Drys is, right now??
As I never heard of HSH, untill reading info on NM.. Pls explain, if I am inturprting this wrong? Those 30 ships, are basically reposessed ships? And HSH is trying to sell those 30 ships right now.. If those 30 ships are idle right now.. If they get back into mix of what I think is already a glut of bulers.. Sure looks like, it couldn't do anything, but hurt bulkers??
Oh hell no.. I want to see how bad GE skins you manipulators, before yall thro in towel!! I find this very amuzing!!! Sorry what I post, don't pls you manipulators.. I actually dislike GE more than manipulators? But do find it amuzing, after manipulators drove it up.. GE decided to sell $200M worth.. Now what are manipulators going to do.. I know what I would do if I were one of them!!! And it sure wouldn't be to keep driving it up, so GE could sell at higher price...
sweet, pick me up one of those $1. double cheeseburger, while you are there!! Good to see a big spender come thru!!
custom, last trading i done was in 2011.. Bought Drys as it dropped from $3. to $2. Ended up with 10K shrs.. It wnt back to $3. sold it all.. Bought with same money 12700 shrs as it dropped back to $2. again.. Sold 10K when it bounced back to $3. Then Gartman pumped it on CNBC.. It went up to like $3.86.. I sold the rest at like $3.65.. But when I was buying.. Good reasons to believe it was worth more?? By late 2011.. Things had changed.. As it droped next time.. I decided I din't want to own any of it at any price!!! Since then, I haven't seen things improving.. In fact seems they are a lot worse?? Right now, I would be very leary of Drys... You see how much price had already dropped when, GE announced they hadn't sold but $20M of that $200M, that they may sell?? That surprized me.. I would have thought, he had already sold a lot more than, he had??? Hey good luck!!! Right now, I figure manipulators end up buying about all that stk, GE selling, as they play thier little game.. Do this bunch of manipulators, manipulating this stk have $180M more dollars to give to GE??
I'll bet you are wrong on both accounts.. Rates sure ain't up no 100% from a yr ago.. Not anymore.. And they are dropping everyday.. Read NM msg board.. Bank trying to sell 30 reposessed bulkers, back into the mix... Just adding to glut!!!
You recon, that the fact BDI showing rates for capes, since topping out at $42K per day have dropped straight back down to about $19K per day and continuing to drop daily.. And Panamax have joined in on the drop, have anything to do with deal falling thru??
BTW: I loved all those gals that worked in those Pavons.. And they sure did love me.. But sometimes, I would be in pavon, when it was closed.. Good friend of owner!! Girls would come in.. I would write thier true love, who had done went back to the states, love letters.. After letter was composed!! They would get so excited!! May have p'ed in thier pants!! My problem.. As always.. I just loved them all... Took me till I was 70 yrs old to realize.. All any man needs is one good woman !! Now at 70, why would any good woman be interested in my old old wore out ***? To you young dudes.. If you run across a good one.. Don't let her get away!! Then the 2 of yall, should visualize.. Yall are the only 2 with those thangs.. Best looking woman you ever saw hits on you.. She is just a robot with nothing, that would compare to what you got at home!! Now heed that advice.. I'm getting to old to handle all the women I already got.. Let alone your wife, wanting to start dropping by! If you don't believe beauty is only skin deep... Skin 2 of them!!!
All they need is to do, is keep people interested and buying options...No problem driving this stk up or down 15% in a couple of days?? Here is difference in playing options on this stk vs $200. stk.. On this stk, you got to buy a lot of options, with same money you can't buy but a few options on a $200. stk.. Reality.. Fees for buying an option, same on a $2. stk as $200. stk!!! If a $2. stk goes up 15%. Lucky if you cover cost of fees and make any money.. Flip side.. If a $200. stk goes up 5 to 10%.. You made a big hit!!! Bottom line. It takes a fool to buy options on a $2. stk.. BTW: Took me a long time to figure that out!! If you like to visualize turning a few thou into several thou.. Start playing something other that cheap stks!!! Fees on a cheap stk will eat up all gains.. And most time fees and cost of those options will get stuck up your uh huh!!!! Now, if you want to know the stk to be playing options on.. Go back and find the post.. Where I divulged that info!! On that post.. I stated if Drys kept going up before earning report.. I would play it to go down!! That didn't happen!! No skin involved!!! But info I divulged on anouther stk is still in play!! Upsetting me right now.. As I am waiting to take a position.. And its already gone up about $10. since I made that post.. I knew that may happen.. But gambling it will drop lower between now and Jan..But as I am interested in April calls.. Premiums drop, on options, the closer they get to X date!! I may end up with no position, should it continue going up!! No problem!! Like the gals in pavons in Istanbul, use to tell me.. No money, no honey!!! So far I ain't got no money invested!!! If that stk, don't repeat what it done last 2 yrs.. No money, no honey!! Won't be no skin off my ***!!!
The low price for now.. Was when it was selling at $1.57 a shr in last yr!! Seems a little pricy to me at $3.00???? My bet, we see $1.57 again before we see $6.00,, Or $4.57...
As you watch figures of all that stk trading?? All we know is how much price fell when GE sold 5M shrs... Not that I know? I figure all that volume is manipulators trading it back and forth, with no fees attached to thier trading?? My thinking, they should be walking around with big jar of vasilene or KY jelly.. Cause at some point.. GE is going to bend them over!!!
Now assuming hedge funds have some skruples!! Won't F each other!! If them and GE are the only ones, in this game!! Those tacky hedge funds, trying to manipulate this stk. Could start trying to bail before the others, as between the whole bunch, they ain't got $180M that GE is going to dump in somebodies lap ?? As I consider it a game now, between GE + manipulators... Crazy but true.. I'm pulling for the one who has already beat Drys stk holders out of more than $3B.. Go Geo!!! What the hell.. Manipulators, lose a small amount on Drys, compared to other stks, they are manipulating.... Good for GE, if he caught them speeding, on Drys stk!!! BTW: If one of those tacky hedge funds, belong to one of those investment funds, with trillions!! Drys is a joke!! They can drive it anywhere they want it!!! Hey good luck to GE and longs!!! In the mean time, would any reptrible hedge fund. Get involved with Drys??
Manipulators driving it up. Trading it back and forth, with no fees attached to thier trading!! I think those volumes we see every day, is them trading it back and forth? Reality, on last ER.. GE had sold 5M shrs for like $20M and had driven it down from $4. to under $3.?? You figure out rest of this story if GE decides to sell the other $180M worth of Drys stk... Is he bending manipulators over??? Oh the manipulators are up big time at these prices..But if they drove it up with thier money? Are they really up?? Now are they willing to pay this price, when GE sell??? I think manipulators will play this game for awhile?? But eventually give up?? They trying to trade it back and forth.. And GE taking advantage?? Its just a big ole game!!!