Have you searched on their website? Many items are cheaper than shipping cost. They need to find a way to reduce the international shipping cost. The company benefited from the transaction is the one that handle the delivery.
Drys has dropped to the level that below its one-day moving range of a few years ago. Essentially wipe out most investors. I wonder if there is any winner here?
I just wonder that the RIG is a service company, its revenue depends on the demand of oil, not the price of oil. As the price drop, the demand increase, as long as the oil price stay above the level that offshore oil company have sufficient profit, the drilling will continue. The highest cost producer of oil is the fracking oil gas producer, not the offshore driller. Today's earning of RIG is pretty decent, only 20% drop in revenue, compare to the 100% drop in share price within a year. Maybe someone on this board can explain to me why RIG is shorted heavily.
More interesting is how he amassed 10 billions after those failures? Many investors lost money by his bankruptcies.