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Best Buy Co., Inc. Message Board

uncle.bubs 17 posts  |  Last Activity: Apr 15, 2015 9:15 AM Member since: Apr 20, 2009
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  • Dryships Inc. Announces Receipt of NASDAQ Notice

    ATHENS, GREECE--(Marketwired - Apr 15, 2015) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced today it has received written notification from The Nasdaq Stock Market ("Nasdaq") dated April 13, 2015, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Global Select Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until October 12, 2015.

    Sentiment: Buy

  • Reply to

    Blue Mountain sells another ~3 million shares

    by surofchek Apr 13, 2015 7:05 PM
    uncle.bubs uncle.bubs Apr 13, 2015 7:41 PM Flag

    With the volume they have sold the price has been constant if not up a small bit, which says there are buyers for those shares at these levels. I think if and or when their selling is done, up we go.

  • http://www.cnbc.com/id/102500673/page/4

  • Press Release: S&P Lowers Ocean Rig Long-Term Rating To 'B-'; Outlook Stable
    Last update: 07/04/2015 9:06:17 am
    The following is a press release from Standard & Poor's:
    -- The outlook for deepwater drilling over the next three years remains
    weak and uncertain.
    -- Ocean Rig has made an intercompany loan to its parent, dry bulk
    shipping company DryShips Inc., causing us to revise our assessment of Ocean
    Rig's status within the group.
    -- We are therefore lowering to 'B-' from 'B' our long-term rating on
    Ocean Rig, but consider Ocean Rig's 'b' stand-alone credit profile to be
    unchanged. It is supported by a contract backlog with dayrates above the
    current market.
    -- The stable outlook reflects DryShips' recently announced sale of
    tanker vessels to support its liquidity in 2015.
    LONDON (Standard & Poor's) April 7, 2015--Standard & Poor's Ratings Services
    today lowered to 'B-' from 'B' its ratings on Ocean Rig UDW Inc. The outlook
    is stable.
    At the same time, we lowered our issue ratings on:
    -- Drillships Ocean Ventures Inc.'s $1.3 billion term loan B facility to
    'B' from 'B+'. The '2' recovery rating is unchanged, with recovery
    expectations at the higher end of the range.
    -- Drill Rigs Holdings Inc.'s $800 million senior secured notes to 'B-'
    from 'B'. The '3' recovery rating is unchanged, with recovery expectations at
    the higher end of the range.
    -- Drillships Financing Holding Inc.'s $1.9 billion term loan B facility
    to 'B' from 'B+'. The '2' recovery rating is unchanged, with recovery
    expectations at the higher end of the range.
    -- Ocean Rig's $500 million senior unsecured notes due in 2019 to 'CCC'
    from 'CCC+'. The '6' recovery rating is unchanged.
    Dayrates for deepwater rigs have dropped by about a third over the past year.
    We forecast that oil prices will be at or below $75 per barrel for Brent crude
    oil from 2017, which could put dayrates under further pressure when existing
    contracts on Ocean Rig's vessels finish. New rigs are due to

  • uncle.bubs uncle.bubs Mar 30, 2015 6:50 PM Flag

    Great new drys headed up big

  • uncle.bubs uncle.bubs Mar 30, 2015 4:25 PM Flag

    Ziad Nakhleh, Chief Financial Officer of the Company, commented:

    "We are pleased to announce the sales of our four Suezmax tankers. Net of the repayment of associated secured bank debt, these transactions are expected to generate approximately $125 million in free cash which will be used to prepay an amount under our ABN AMRO Bridge Loan which has a balance of $185 million as of today, as well as for general corporate purposes. Furthermore, we are excited about the potential to sell our Aframax fleet. Assuming the confirmation of the purchasers by the due date, we expect these transactions will generate approximately an additional $150 million in free cash which could be potentially used to prepay any remaining outstanding amount under our ABN AMRO Bridge Loan and for other general corporate purposes.

    "Ultimately, we believe the sale of the tankers as opposed to an initial public offering of our tanker fleet is the best way to immediately realize maximum value. These transactions increase our cash liquidity and we believe they should release the selling pressure on both DryShips and Ocean Rig share prices, as we demonstrate that DryShips has many options other than the sale of undervalued Ocean Rig shares.

    "As far as governance is concerned, due process was followed due to the related-party nature of these transactions. The transactions were negotiated and approved by the Audit Committee which consists of only the independent members of the Board. Furthermore, the sales prices reflect the fair market value of the vessels based on third-party broker valuations.

    "In agreeing to make the 20% advance payments (approximately $49 million for the 4 firm Suezmax sales) to DryShips rather than to retain a 10% deposit in a joint bank account which is the market standard, and by maintaining the flexibility to deliver the vessels to the purchasers forward, which enables DryShips to capitalize from today's strong spot charter rates, Mr. Economou has once again demonstrated his willingness to go the extra mile to support the best interests of DryShips. At the end of 2014, his personal $80 million equity investment as well as his personal guarantee of the ABN AMRO Bridge Loan, without which that transaction could not have been consummated, were crucial for DryShips. We look forward to his continued support for the benefit of all shareholders."

  • DryShips Inc. Announces Agreements to Sell Its Tanker Fleet
    Last update: 30/03/2015 4:02:00 pm
    DryShips Inc. Announces Agreements to Sell Its Tanker Fleet
    ATHENS, GREECE--(Marketwired - Mar 30, 2015) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced today that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers, Vilamoura, Lipari, Petalidi and Bordeira, for an en-bloc sales price of $245 million. In addition, it has entered into agreements with entities controlled by Mr. Economou to potentially sell its six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona. The agreements to sell the Aframax fleet are not effective until the purchaser confirms his unconditional acceptance latest by June 30, 2015.
    Under the terms of the firm sales agreements on the four Suezmax tankers, the purchasers will pay upfront 20% to DryShips and the balance purchase price will be due on delivery which will be between July 1, 2015 and October 31, 2015, at the Company's option.
    Under the terms of the agreements on the six Aframax tankers, the purchasers could potentially acquire these tankers for an en-bloc sales price of $291 million, as long as they confirm their unconditional acceptance by June 30, 2015. Other than the sales price, all other material terms and conditions of this potential transaction mirror the terms and conditions on the sale of the four Suezmax tankers, including a 20% upfront payment to DryShips.
    Ziad Nakhleh, Chief Financial Officer of the Company, commented:
    "We are pleased to announce the sales of our four Suezmax tankers. Net of the repayment of associated secured bank debt, these transactions are expected to gene

  • Momentum is gonna move this big time, Shorts are going to cover big time IMHO

  • Is he some kind of stalker or just a moronic internet troll, could be both I guess anyway just asking?

  • Bring it Shorts I will keep buying when the rally hits, and it will my profits will be epic.

  • DRYS is being controlled right now by Shorts, but not for long when DRYS takes off upwards it will be hard and fast.

    Sentiment: Buy

  • 10k shares as this going back up no doubt

  • Not a doubt about it, patience will prevail will be fast and up up up

  • Sad but true the shares are worth Nothing just players playing now and some folks are dumb enough to play and they will be the ones that end up with nothing in the end

  • Looks like it may have some legs to make a move higher from here, patience will pay off.

  • uncle.bubs by uncle.bubs Jan 22, 2015 7:19 PM Flag

    Thats all I can say about RSH

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