DSX Lover - let's not get carried away bashing the investment in Ocean Rig. You might not understand the details (neither do I) but is it the most horrible investment possible? The company's two rigs are 5th generation harsh-environment semi-subs that command the highest dayrates in the global fleet. The foray into offshore drilling may be confusing but DRYS stock is clearly high risk/reward and will remain a pure play equity on dry bulk shipping rates. The investment might even pay off some day.
As for paying dividends and/or reducing debt - that is a fine strategy for a nice conservative company like DSX. When I look at the relative performance from the middle of 2006 I see DSX has gone from $10 to $27 while DRYS has gone from $10 to $60. Laughing stock??
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DSX Lover - let's not get carried away bashing the investment in Ocean Rig. You might not understand the details (neither do I) but is it the most horrible investment possible? The company's two rigs are 5th generation harsh-environment semi-subs that command the highest dayrates in the global fleet. The foray into offshore drilling may be confusing but DRYS stock is clearly high risk/reward and will remain a pure play equity on dry bulk shipping rates. The investment might even pay off some day.
Apr 02 13:00 pm
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All Comments by drys long »DryShips and the Oil Rush [View article]
As for paying dividends and/or reducing debt - that is a fine strategy for a nice conservative company like DSX. When I look at the relative performance from the middle of 2006 I see DSX has gone from $10 to $27 while DRYS has gone from $10 to $60. Laughing stock??