billf921

Four Shippers Emerging from the Mire

the whole group sucks but you need to know a few basic things

derrys, the ceo is a crook avoid forever

exm, the ceo fired the best dry guy and overpaid for qmar at the top of the market

dsx, honest ceo, low debt makes them a buy canidate when fundamentals improve

nm- i trust the ceo, they have alot of debt, but id buy nm as they lock in long term rates

egle

nice company problem soph the ceo skimed off 22 m in cash last year in obscene salary gives obamas commies something to gripe about. dont you think 2 m per year is fair for a guy that lost 90 % of shareholderr value

soph you are a disgrace to the human race. his cfo is not much better taking s multimillion dollar salary

ocnf is run by the nephew of drys , would you do business with the nephew of al capone?

Two Water Transport Plays - Besides DryShips

i like ocnf and free both better than your picks

Are SQM and DRYS Still Good Buys?

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

Drybulk Shipping: Prepare for a New Record High

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

Good News For Dry Bulk Shipping

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

Good News For Dry Bulk Shipping

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.

Dryship's Transformational CEO

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!

Dryship's Transformational CEO

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??