User 164606

Still Avoiding DryShips

You are right. Economou would have been better served and so would had DRYS if his private entity and DRYS worked in tandem helping one another in times of need. Such help should have been limited to one offering the other its credit to weather bad times. Unfortunately Economou chose the worst of all solutions, passing assets and liabilities from one to other giving the impression that DRYS is wasted for Cardiff's benefit. Hopefully this should be just the impression and not the actuality

DryShips: a Potential Deep Sea Oil Driller?

Finally I have found one who shares my thoughts about Drys. I for one have also invested in TBSI because it tends to have smaller ships to accommodate smaller and shorter runs which are not so susceptible to variations of price or to the shift in the world economy. I find that the recent pricing of the shares offered at $51 confirms my evaluation. If I were wrong then these shares would have been priced at about $40.

Dryships: Undervalued Compared to Competitors - and the Market

The problem with DRYS is that its divident is way too low. It keeps the big boys away and makes the shares too volative and subject to excessive speculation. Another problem DRYS's has is that an investor cannot see a valid reason why the affiliate company would make the fee in the deals made for DRYS and then apply the to get greater share than DRYS in any acquisition. The oil drill deal is a good example. The deal was good but the shares bombed because of this. I saw it coming and when it came I wasn't surprised. The big boys would not bother with relationships like this because they could be costly in the future. The smallest scandal would have the shares in a free fall.