billf921

9 Comments

    • Two Water Transport Plays - Besides DryShips [view article]
      i like ocnf and free both better than your picks Jul 24 10:03 AM
    • Are SQM and DRYS Still Good Buys? [view article]
      you say "I continue to be a fan of management"

      How can you be a fan of management when the ceo has:

      1. Given himself 1 million free shares worth 75 diluting everyshareholder 2.7 %
      2. flip his ocean ridg shares to Drys and charged a 4 m "sommision" for his efforts
      3. Doubled his salary.
      4. Sold from his private cardiff 4 panamax to drys at an eye popping price of 100 m each
      5. Locked up drys ships on long term charters to his private company at prices significantly below spot rates
      6. flipped his drill ships to drys at 1.6 b when he reportly bot them for 1.3 b. (Details have never been disclosed)

      He did all this in the last 6 months!! He is using DRys as his personal piggy bank and siphoned off over a billion in value, imho.

      Who knows, he may be the greatest ceo in the planet but you be the judge

      Sorry, I dont trust him and i sold my entire million dollar position       Jul 14 08:32 AM
    • Drybulk Shipping: Prepare for a New Record High [view article]
      supply of new ships will cause rates to crater and when rates crater these stocks can fall 50 % or more.

      the ffa's all indicate lower rates in 2009 so if you think you can be th4e first guy out go ahead and buy.

      you need to add more balance to your article and mention what rates were for the last 30 years and why its different this time       Jun 27 09:58 AM
    • Good News For Dry Bulk Shipping [view article]
      one other thing, as higher oil prices ripple thru the economy, a slowdown will happen. this slowdown will lowr dry bulk rates and profits

      you don't want to be in any bulker stock if and when that occurs       Jun 24 10:31 AM
    • Good News For Dry Bulk Shipping [view article]
      drys is down from 115 to 75 as the ceo has strayed from drybulk to ocean rigs. btw, he grossly overpaid for ocean rigs and dumped the crap to drys public holders.

      secondly, the ceo has no problem issuing himself one million shares worth 75 m.

      third, the ceo private company took long term charters at th public share holders expense

      I cant get over his self serving moves and cashed out a million dollar position.       Jun 24 10:12 AM
    • Dryship's Transformational CEO [view article]
      Yes, the Ceo is a transformer man

      He transforms Drys shareholder equity to his own personal gain.

      To wit:

      1.Issued himself ONE MILLION SHARES WORTH 90 m dollars.

      2. His private company TOOK drys ships on period charters at rates that are a fraction of current spot rates.

      3. Dumped his drillships report purchased for 1.3 b to drys for a cost of 1.6 m

      4. Use DRYS as his personal piggy bank to over pay for Ocean Rig.

      5. Sold his personal shares of Ocean Rig to DRYS shareholders

      He reportly said US investors are stupid and the world's dumbest investors. i have to agree. They put up with self serving deals that have transformed drys into his personal money making machine.

      a REAL transformer man!       May 28 09:18 AM
    • Dryship's Transformational CEO [view article]
      some have argued that ge is stealing from the company

      to wit

      issuing himself 1.0 shares of free stock
      leasing 1/2 billion dollars in ships at bargain rates

      aren't there better ethical companies out there??       May 27 10:22 AM
    • Day Rates Headed Higher at Nordic American Tanker [view article]
      Michael if you like this sector, I suggest you look at TNP which trades at 38 and is worth 56. If Day Rates are Headed Higher at Nordic they also are headed higher for other tanker stocks. Tnp is the best that there is.

      they have a different chartering approach, they lock in rates for 2 or 3 years and have a profit sharing if rates go up. It's less risky than nat but pays out less in dividends but stock buy backs is an indirect way of giving money back to shareholders.

      The key is TNP assets are worth 56 per share and is trading at a discount at 38. It should be trading it 80 to equate to nats multiple

      BUY TNP INSTEAD. Tops also should be considered but thats a story for another day       May 21 07:53 PM
    • Day Rates Headed Higher at Nordic American Tanker [view article]
      This company does have some exposure to the spot market as one of their 12 ships has fixed charges and the other eleven are market based income.

      that is a pooly written sentance

      nat has complete exposure to the spot market and pays out 100% of it cash flow. rates are now good..will they stay that way..who knows but they usually fall in the summer as we dont need as much oil to heat in the summer. Above 40 its a sell as its assets are worth only about 25 to 30 per share but alot of people chase the divident       May 21 07:38 PM
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