DryShips, Inc. (DRYS)
The Company owns and operates fleets. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products.
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been watching this for awhile.. I think they are sorting out their debt and will move ahead.
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Stock seems to be up for no particular reason. Share dillution = price up? WTH
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wil go up w/ all shipping stocks.
Lots of $$ to be made here!
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Diversification. Deep water oil drilling must continue & most likely accelerate as economy improves. Shipping has been severely depressed due to economy and expense of, and often inability to get insurance.
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This is a decent company in a beaten down sector. Shipping rates will return with the return of the economy which I believe is not that far off. If China is experiencing growth, then others have to be right behind them and such growth will bring a return for the need of shipping.
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As the world economy improves, shipping will come back into favor. Great value play here, as well as a play on an improving world economy.
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RIMM, DRYS, GS
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Too much shipping capacity in the world.
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Even considering debt, DRYS is a buy here. Will outperform based on volume and cash flow over weaker competitors.
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studying companies like this one make me feel real depressed for those about to loose thier job.
Yes, shipping will pick up on commodities.
But I cannot be convinced about this one.
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BDI is rising, and combined with most likely better than expected report, it could with some luck catapult the stock over 10$
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In addition to having good value qualities, this stock will always be in need. It will be a hot stock in 4 years.
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will test 52 high in a year or two, as US employment drops below 8%, FREE good bet too
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Rounded bottom breakout? http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/
Good looking moving average convergence
Should benefit from price movement in commodities: http://ibankcoin.com/flyblog/2009/10/18/you-aint-seen-nothin-yet/
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The Baltic Dry Index has established a bottom. The only question is the pace of global recovery, when and not if. Select Bulk Shipping stocks will show 500% to 1,500%, returning to previous price levels.
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Once the country rebounds shipping will be hot again. Dry Ships will go back to $120.00 per share. Remember this is the last industry to go up but when it does it will shoot up quickly.
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DRYS just signed waivers to further reduce their loans. They are well capacitized for the crop season, and with coal prices threatening to rise, Dry Ships will benefit. Their secret ingredient lies in their oil rigs which will profit with the oil prices moving up yet again.
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Shipping must run if this so called economic improvement is going to be "real."
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moooooving on uuuuup!!... Too the Eaaaast Side
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The rebound of the BDI - plus upgrade = green thumb. I don't like the company - but everytime I've played its paid. Expect good results by Q2 2010. Short the pops or ride the wave. Should fly past $10 by years end.

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