richandmer

Dryships: Undervalued Compared to Competitors - and the Market

Even though DRYS is down, I don't think it is a vote against the company or owner. If you will take a look around the industry, you willl see that all dry bulk shipping companies are down - by approx the same amount.

No one seems to know the reason for the broad market down turn, but it probably started with the recent downward move in the Dry Baltic Index. Of course, the general market is also adding to the move. However, on a personal note, I do not want to own DRYS - just because I don't like the owner.