DryShips Inc. (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. (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...
Only subscribers can access this article, which is part of the PRO research library covering 3,594 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: