DryShips Inc. (NASDAQ:DRYS) is traditionally viewed as a drybulk shipper. In fact, drybulk shipping represents only one aspect of the company's activities. DryShips is a holding company engaged in three lines of business. DryShips has a large fleet of carriers for drybulk cargoes. The company also provides marine transportation for petroleum and petroleum-related cargoes. Through its majority owned subsidiary, Ocean Rig UDW Inc. (NASDAQ:ORIG), the company provides offshore drilling services.
The stock of DryShips is priced as that of a drybulk shipper. Accordingly, the stock is priced as that of a company undergoing severe financial distress. The stock reached a low of US$1.58 on December 28, 2012, but has since somewhat recovered to close at US$2.00...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|