Shabba

DryShips: The Time to Buy Is Now

Anyone know when they report Q4 earnings? It seems like it should be fairly soon based on when they did it in the past.

DryShips: The Time to Buy Is Now

I'm still lost on what is going on with this stock. BDI up 4%, DRYS down 15% today. It seems like the value of the company according to the day traders is inversely correlated to the shipping rates they charge. It's just laughable.

DryShips: The Time to Buy Is Now

And to add to what I said, it seems like the financial problems at this company are caused by the collapse in the BDI, if the BDI recovers (in process) then what is depressing the stock? I'm just curious if anyone has a solid answer. It's a mystery to me.

DryShips: The Time to Buy Is Now

Does anyone know what the deal is with this stock? The company's EPS for 2008 are higher than the stock price and the BDI keeps going up, although I'm not sure if it has risen enough to where the company is profitable again. Even with a horrendous fourth quarter I think the company still has EPS higher than the stock price. The BDI has tripled in about a month.

Opportunity in Medium Term Call Options for Dryships

Ramisle-

What is FFA?

DryShips Looks Good, Even Without Its Dividends

LOL. Great timing on the article, DRYS just defaulted on 750 million in loans, they're trying to renegotiate them. I'd stay the hell away from the stock until the shipping rates recover.

Digging into Shipping

That's true, their is a significant "burn-rate" for these things. They're extremely expensive. It still looks like massive panic to me though based on the total collapse of the spot prices in such a short period of time (down about 80% in 2 months, and close to 95% from the bubbilicous highs). There really isn't anything to explain this on fundamentals. It just seems incredible to me that supply/demand for shipping dry freight could change that much in such a short period of time, especially for a company the size of dryships.

Digging into Shipping

The stock prices for these type of companies are just ridiculous, DRYS is trading at 70% of last year's earnings. They just reported too, and only missed by 2%. They made about 3.50 a share. The stock is about 15 a share. Yes yes I know, the BDI is low rates are terrible. There is no way it can continue, what, are people not going to eat and import goods?

It's just a big game for the players in the market, let's see how low we can drive shares, cover our shorts, and then hopefully time the bottom correclty. It seems the entire market has completely stopped trading on fundamentals. It's all a mass panic.