rsinj

DryShips Looks Good, Even Without Its Dividends

See prior article and my comments from 10 months ago with DRYS in the $60's

seekingalpha.com/artic...

DryShips Looks Good, Even Without Its Dividends

I do not understand what people see here. This is not an undervalued stock/company, it is a complete scam. You have a self-dealing CEO, a company based in Greece, very poor transparency when it comes to governance. What else is needed for everyone to see through this?

When your company wants to venture into an entirely different business, which they have absolutely no experience, pay the CEO's other company huge penalties for a broken deal, etc. it is not a company you should be looking to invest in, it is one you should be running away from.

DRYS is just the next in line like LHSP and ACLN.

DryShips Deserves More Love

Two years ago this was a $10 stock. A year ago it was a $20 stock. The company has so many transparency issues it is a joke. This is nothing more than one of Cramer's pumps and the "market kids" as DRYS realist puts it, bid the stock up way beyond any reasonable price. PE of 3? Please - that's based on the earnings they spoon feed the gullible folks - and clearly there's enough that actually believe it.

You will see the stock track back to $20 and even to $10. And once they announce the restatement in earnings, or heaven forbid the loss, you'll see it trade even lower.

Who the hell even talked about "dry bulk shippers" before Cramer filled your head with such garbage?

Wait, wait...I'm having a flashback...ACLN/ASW..... something is too good to be true...it generally is. Some folks here will learn the hard way.