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  • Is Energy XXI's 82% Preferred Dividend Yield And 1,300% Upside Worth The Risk?  [View article]
    If EXXI does declare bankruptcy what are the chances that the converts have value and will be converted into new Equity ETC?
    Sep 20, 2015. 11:20 AM | Likes Like |Link to Comment
  • J.P. Morgan lists 25 non-financial stocks at risk if Fed raises rates  [View news story]
    Ford will be able to lend at Higher rates as well
    Sep 16, 2015. 07:12 PM | 7 Likes Like |Link to Comment
  • Canadian Natural Resources to cut salaries instead of staff  [View news story]
    I agree on this move and for the people that aren't happy find another job in the free market.
    Sep 10, 2015. 08:03 PM | Likes Like |Link to Comment
  • DryShips to sell 17 vessels at $795M loss, shares -36%  [View news story]
    From DB analyst Drys is on the hook for the debt not GE
    Sep 10, 2015. 05:40 PM | Likes Like |Link to Comment
  • DryShips to sell 17 vessels at $795M loss, shares -36%  [View news story]
    the debt you are looking at is origs. it was deconsolidated in 2nd quarter
    Sep 10, 2015. 05:34 PM | Likes Like |Link to Comment
  • DryShips to sell 17 vessels at $795M loss, shares -36%  [View news story]
    If that is the case, then you have to add 475 million to my value of 330 (815 million) from my prior email, which makes no sense, because it is trading at a market cap of less than 200 million.
    Sep 10, 2015. 01:42 PM | Likes Like |Link to Comment
  • DryShips to sell 17 vessels at $795M loss, shares -36%  [View news story]
    I am calculating about 225 million in cash when all is said in done.

    Total Debt 1001

    Tanker Debt erased 260
    ORIG Debt erased 80
    ABN Amro Erased 185

    Total Debt 476

    Cash received from sale of all ships

    1,416,225 2nd Q balance sheet
    795,000 Writedown
    621,225,000 Cash from sales
    476,000,000 Debt on ships
    145,225,000 Total Cash
    80,000,000 Cash reported at last conference call
    225,000,000 Cash
    165,000,00 ORIG Stake
    390,000,000 ORIG plus cash

    We need to add current assets and subtract current liabilities I believe which shaves 60 million off value of company.

    330 million value of company is what I came up with
    Sep 10, 2015. 01:26 PM | 3 Likes Like |Link to Comment
  • DryShips to sell 17 vessels at $795M loss, shares -36%  [View news story]
    Does the company have to pay back the debt from cash proceeds or does George assume the debt?

    From the PR it sounds that George will assume the debt but it makes no sense to me.
    Sep 10, 2015. 01:11 PM | Likes Like |Link to Comment
  • Tim Duy: Rate hikes risk tipping U.S. into recession  [View news story]
    we will go into a recession because of perception which is much more important then the event itself. Algos strengthen the dollar and the rest follow.
    Aug 13, 2015. 12:59 PM | Likes Like |Link to Comment
  • Pressure on shipping amid China currency reset  [View news story]
    The company never traded off ORIGs valuation so even if ORIG goes up I dont expect DRYS to benefit.
    Aug 12, 2015. 06:25 PM | Likes Like |Link to Comment
  • Ocean Rig UDW beats by $0.27, beats on revenue  [View news story]
    Is SA going to have the cc transcript
    Aug 9, 2015. 12:51 AM | Likes Like |Link to Comment
  • Ocean Rig Shareholders Get The Shaft (Again)  [View article]
    orig stole those shares back from Drys. Only 2 months prior they did a secondary offering at 7 and bought pretty much the entire offering back at a huge discount. The book value now rises and future profits will increase when the drilling industry recovers. Cutting the dividend needed to save 100 million plus a year for debt service costs.
    Jul 31, 2015. 08:21 AM | 6 Likes Like |Link to Comment
  • DryShips' Fundamental Valuation Just Took A Further Dip  [View article]
    its orig not rig
    May 22, 2015. 01:40 PM | Likes Like |Link to Comment
  • Ocean Rig's better than expected Q1 helps lift offshore drillers  [View news story]
    $ORIG is going to rip higher for the next few months
    May 12, 2015. 04:41 PM | 1 Like Like |Link to Comment
  • GSV's discount to NAV remains above 30%; Twitter stake lowered  [View news story]
    buyback insider buying and RIC status will help it close gap
    May 10, 2015. 06:18 PM | Likes Like |Link to Comment