bert

Never Enough Lessons on Forward P/E

Seems at extreme market condition points people want to ignore things like PE ratios. This could using Dow theory define the turning points. Admittedly forward PE of DRYS may be difficult to predict given all the variables mentioned. Once expectations reach excessive levels in either direction it may be a good time to consider the converse.

I did however see a disturbing article about DRYS and increasing debt. I suppose to pay for the new ships. Can anyone offer some advice on the debt level relative to the value of the company?