DRYS realist

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    • Fri Mar 14th 19:35 PM | Rating: 0 0
      Commented on:
      DryShips Deserves More Love
      You can tell the average education of the people replying here. Those who are market kids think that firms have lowered guidance which is not true. Those who think debt and issuing shares is inherently bad I also place in the same group.

      If DRYS is a pile of crap, then I will keep buy these piles of crap and let the REAL stocks which meet the true description alone.

      The reason the stock is down has to do with the beta of the stock and the way it pops up on screeners which hedgies who are panicing for ways to make money see that the stock is vulnerable and try to ride it down.

      If you dont like the stock, then in the short term as George says, sell it and put the money in a market fund or a boring dividend paying, low margin DSX stock.

      I like the risk and the prospects and will keep owning the shares for years into the future.
      View article »
    • Thu Feb 28th 23:43 PM | Rating: 0 0
      Commented on:
      DRYS: Shipper of the Global Commodities Boom
      I Trade Ships,

      Lets talk about these claims.

      I dont doubt you are in the industry, no reason for me not to, but that actually makes me inclined to think you are even MORE slighted against George rather than if you werent in the industry. I know he has many enemies and many naysayers because of his bold approach and more aggressive strategy.

      What I would like is for you to follow up the claims, specifically concerning operating expenses with ACTUAL information, rather than brash, broad comments.

      Show me some DIRECT competitors, not some private firm where I cannot confirm your numbers, a publically traded competitor who is in the exact same line of business, with similar or exact ships and revenues, then we can crack numbers and compare.

      The problem is you really cannot do so and unless you can back these claims, I consider it reckless to say some of the things you do, in the way you do.

      I have to strongly disagree AGAIN with the .com comparison, how can you say somthing that pathetic? Were you investing in said companies during the .com bubble? Of course you were not. I on the other hand WAS and I know the industry in which you compare, and there is ZERO comparison. There was not a SINGLE public company in the internet/ecommerce/opt... group trading that had even CLOSE to the numbers that DRYS has, especially those who you claim imploded and went away.

      For fun, please show me the comparisons, name 5 companies which you see from the .com bubble which traded, had similar revenue and PE ratios, which imploded during the time frame you reference. By the way, the .com bubble was finished by 2003, so please list companies that traded during 1998 or so to 2003 with these qualifying similarities.

      Two more comments, first, I agree there is risk and that the business style of Greek companies compared to US companies is quite contrasting. Most people who own the stock and have dug a little further than reading some press releases know this. I find little merit in what you say about George lining his pockets with these measures, especially since he is an over 35% OWNER of a 3 BILLION dollar company as well as other interests, I see no value in your claim of him syphoning off funds for his personal account. It makes no sense and doesnt influence my investment opinion at all.

      Lastly, we need to put to bed this issue about Alpha Shipping. I have no pity for hedge funds and firms who invest in corporate JUNK bonds, they have inherent high risk and unfortunately things didnt turn out the way it could have and sometimes you win, sometimes you lose and you cannot look backwards when investing. Those who refuse to look forward and base investment decisions on decade old news can and do miss out on potential winning investments.

      I look forward to hearing a reply and specific information regarding the .com claim and the operating expense claim made in the last post.
      View article »
    • Wed Feb 27th 21:34 PM | Rating: 0 0
      Commented on:
      DRYS: Shipper of the Global Commodities Boom
      I disagree with your comments about George.

      I will be honest and say that last year I read all the one-sided hate about George. There are a few firms who have it out for him and have painted a one sided portrait of his past.

      Some take comments he makes and form a general opinion based on one liners and out of context quotes. Reading these slanted points of view stopped me from investing about 50 points earlier, then I revisited the stock and found more accurate and less biased accounts of what happened. You really should research more than one or two firms disdain for George, you might find out details which were MISSED by the people who dislike him.

      Is George different? yes. Can he be combative and difficult? Yes he can. I look past the differences and see what I feel is a strong business sense and a history of understanding the industry and taking risks which could turn out to be very smart decisions.

      The comparison between DRYS and an internet startup is completely laughable, you really are showing colors by making such a poor comparision. I was a stock broker during the internet boom, from the late 90's until a few years ago and I saw the internet stocks and the optic stocks and the similiarities are ZERO.

      As for sorting the buy and sale of ships, that isnt so tough to do, spend 20 minutes and create a spread sheet, you make it out to be an impossible task and it really isnt.

      Viewing OPERATION profits and costs is very easy, the 6-K has everything you need and I have no issue with the costs the company has for the vessels, nor the conflict of interests with Cardiff and DRYS. If you look ONLY at operational margins, DRYS is better than DSX and most all other Dry shippers that I follow.

      I have read almost word for word the bashings you make about George and his comments about the US investor and market. I have the ability to discern his real opinions, even if he sprinkles some sarcasm and points of view from time to time and I am fully aware of the risks associated with investing in DRYS.

      If you think there is risk that the Dry market goes under like the last time you reference, then please feel free to stop investing in ANY of the companies in the industry. I dont feel the negativity you do towards him or the company and am willing to take that risk and I have confidence in his experience and skills in the industry.
      View article »
    • Wed Feb 27th 01:01 AM | Rating: 0 0
      Commented on:
      DRYS: Shipper of the Global Commodities Boom
      DSX Lover,

      MANY of your assumptions are inaccurate. It is obvious to me you are a very very conservative investor and given that assumption, you should NOT be in DRYS anyway, it is too volatile and the beta will keep you up at night.

      I on the other hand am willing to take the risk, absorb the high beta and I see things completely inverted to what you do in nearly every aspect.

      I dont see debt as such a negative. If you had read the most recent 6-K you would have known that DRYS participates strongly in currency and rate swaps. The theory about interest rate risk is 100% incorrect. Even if the company were to only cover some of their debt, the load is not hurting cash flows for 2008.

      The age of the fleet comment is completely inaccurate, DRYS has been updating their fleet, expanding the fleet while DSX is happy to play safe with a smaller fleet and a less than spot rate long term locks.

      I am more than happy giving up an dividend in return for growth, it is the choice of management to either give cash flow and/or borrowed monies to lure investors, or lure investors with growth. I am not 60 years old and I am more than happy waiting on dividends and taking a risk with growth.

      You fault George for expanding operations and taking calculated risks and you fault him for investing in Ocean Rig I on the other hand side with the intelligence and knowledge of the CEO, he is not a figure head with no industry experience. He knows this industry and is smarter than anyone who will reply to this message, I will side with the person who intelligently looks FORWARD and sees value in diversifying assets and lines of business, you seem to see otherwise.

      Go ahead and stick with DSX, outside the debt issue I see zero comparison between the two. DRYS Margins are better, growth is better and I side with growth versus perceived stability. You applaud the charter announced, I laugh at it.

      DRYS is not for a weak stomach, so you need to stick with a lower beta and higher yield company. I see strengths where you see weakness, I see promise where you see risk.

      Good luck with the 8 percent dividend. I will take my returns in capital gains and skip the quarterly dividend.
      View article »
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