DryShips, Inc. (NASDAQ: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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Can last longer through difficult situation than competitors!
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How many times do entire sectors plummet.
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shipping - dry bulk / oil also deep drill offshore wells
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Recession looming.
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They cannot go any lower. They already reached their minimum limit.
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deep sea drilling and increase sea route trade activity over coming years as US led world economy bounces back
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The most important index we rarely hear about or see is the Baltic Dry Index, which measures ship utilitization. The index feel off a cliff in mid-2008 and has been drifting downward ever since. In addition, Dry Ships is domiciled in Greece and will suffer from Greek indebtedness.
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This ship is handling the rough seas just as good as the rest of them. DRYS has a plan to lower debt. The Baltic Dry Index is increasing. OceanRig will soon be a cash cow. If you can stomach the risk, it's a steal in comparison to peers.
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a lot of positives for the company.... short term flunctuations but they are positioned well.. i expect target of $4 within EOY
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This stock overcome everything the the market can throw at it and it seams to be ready to run.
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Following dry bulk shipping feels like looking for the lost cit of el dorado
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Greece is on fire and this industry won't go unscathed.
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Greece mess will take time
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The dry bulk sector will slowly recover over the years and with it's 74% holdings in ORIG, this appears to be one of the companies that will pull through in the long term.
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Up 42% on my investment since Oct 2011. The collapse of the Baltic Dry Index help drive volume and share price up significantly in Jan. The financial crisis with Greece is key, if they can get some financial stability then a much larger move up should happen.
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Seen nothing but good things, bought @2.95 dumped @ 3.84... went all in at @3.6
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As Greece gets turned around and the overall world economy slowly gets back online look for bulk dry shippers to start gaining notoriety among the best investment ideas.
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currently surging from recent low
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