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DRYS Set to Double



July 28, 2011 – Comments (2) | RELATED TICKERS: DRYS , EXMCQ.DL , RIG

2 Comments – Post Your Own

#1) On July 28, 2011 at 2:35 PM, traderbach (< 20) wrote:


Thanks a lot for the detailed breakdown!  As has been the case for several years the debt load is significant but you make a compelling argument for Drys being able to service it.  I've been watching this for years now & it, more than ever, seems like high return but now perhaps set against slightly less risk than before the expansion of the deep water rigs business.  Who really knows w/ such a volatile economic backdrop & doubts about ongoing China trade?  I'll be watching a little longer.  Thanks again!

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#2) On July 28, 2011 at 4:41 PM, XMFConnor (96.92) wrote:

^ traderback,

You bet. I think that if things get really bad, the other carriers would be in trouble before DRYS because DRYS can lean on its OCRG business to help it through tough times. Now, if they both hit the fan at the same time you could have real trouble, but I don't see that as a likely scenario.

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