thefuture007

Dryships' Questionable Deals Don't Help Investor Confidence

Hi Stalwart...
I noticed this Cancellation and wondered about Why and the Details.Now that you've Explained it ..to see DRYS charged 160Mil Fee for Cancellation shows me there No Board involvement here,Just the owner choosing to make his own Decisions.Thus as you Said " Questionable " behavior to me leads to - "LAWSUIT".I Do not own DRYS.This lack of oversight pertaining to the "TERMS" of that Deal should have been reviewed by the Board of DRYS and knowing How Tumultuous and precarious the Current DRY bulk market,Credit market and " Forward markets are,the Deal to Acquire those ships at this time was at best Questionable, the Pocketing of that FEE due to Cancellation leads me to believe no one would have Made that Decision based on anything close to a Buisness Decision Designed to HELP DRYS in the Current market environment.
I Don't know nor have I seen the Complete terms of the Deal and if I were a shareholder of DRYS and wanted a basis for challenging the Board/Owner in light of this matter now would be the time.As the Earnings will be affected by this Carry forward loss,assuming thats how it's Carried or dealt with.
Happy Trails

Diana Shipping: Prime Rebound Candidate

Hello ALL
Followed Shipping Sector for a bit,had my dad buy..OMM at $6.55 and out at 27.50/Sold to TK. before following ships became Fashionable...oops I mean a Momentum play.Good Analysis on fellow Responders here.The dry's and Oils gotta be moved and these Sectors are Solid but with any Stock the Markets/Players cause big swings so make bets near Technicals 50DMA/200DMA's and use Options/Hedging up/Downside.!I like TBSI,ACLI,TK,TNK.and EXM after takeover,and sure DSX is good DIV as is prgn but if you know about Drydocking and ship Replacement you'll understand the True worth of a Company vs Present stock price..Read the 10-k on this Web-site of TBSI,for info about How shipping is this quarter,it Also explains their companies Drydocking COSTS and Future Drydocking costs = STEEL cost..ETC.and days in dry dock.Or read the companies 10=k's before Investing and see,capitallinkshippin... or Dry bulk index site to see where " Rates are and do Comparative of Stock price VS Spot or Charter and " NET" vs the Index and Vs the Market.As the Momentum players drive it up too high or too low too quick vs the actual rates they are getting thus creating Stock Value as soon as you Purchase,or you'll understand when a particular stock is overvalued.Those charts are provided on that site.I think end of Quarter Rebalancing will be good time but Remember this whats a shipping/Freight/Rail/... Biggest Expense.?..YUP....OIL.... oil goes up expect lower profits at Quarters end,as oil is now,$100/Barrel, " Fashionable/Momentum play theres no saying it can't hit $150-200 not that it will but hedge funds are greedy and if a Trades going up they play it that way..ETC.But if oil Stablizes and some Genuis at one of these shipping companies Hedges Boom Profits can soar even on a Time chartered outfit,more so for Spot Rate guys..DSX..etc..oh if you didn't know it the EU and Japan/korea area are Requiring Double Hulled tankers thats why theres a Shortage of tankers and Credit problems loom for Smaller players whom Can't Finance with cash or issuing stock in Net P/E positive way.That Doesn't Affect a Dividend.!just a hint but guess where and by whom most ships are being built.?And why 500tons of Steel for a Complete 1 Ship,Drydocking makeover are Driving iron ore and steel prices up or maybe it's the 1 Billion new Consumers Demand they have also.Happy Trails All.