Turnipseed

DryShips: The Time to Buy Is Now

Here is a link to another SA article that discusses recent movement in the BDI.

seekingalpha.com/artic...

Dryships - Reality Strikes Back

Fact- DRYS CEO runs company like personal fiefdom.
Fact- DRYS is highly leveraged.
Fact- Currently excess capacity until ?
Fact- Shipping rates have been extremely volatile in last few years.
Fact- Most DRYS shareholders have lost their shirt in last year.
Opinion- This looks like a very high risk/high reward investment.
Opinion- Somebody(s) with cash is going to make a killing in shipping industry by picking up cheap ships from backrupt carriers. And with low ship cost, they will be the lowest cost shipper. So even if DRYS survives, it may be at a competitive disadvantage.