ACapitalist

Dryships: Undervalued Compared to Competitors - and the Market

Looks like to me that they have issued/ plan to issue 10.8 to 11.4 million new shares when I read the 3/07/08 filing. As a shareholder, this makes no sense to me as they are projecting a $800 to 1,000 million cash flow for 2008. Unless they have some major purchase in the works, they will have no debt at the end of they year. These guys just suck at investor relations. They don't explain what they are doing and repeatedly do things to piss off thier shareholders. I know this company is very very cheap, but the market is voting every day on managment's ability. I hope they redeam themselves shortly.