Gaucho

Bullish on Commodities? Consider DryShips

USER stop your bashing. I know you work for the hedge funds that are shorting DRYS.

Here are some of your BS statements:

'Third, most people seem to think the investment in ocean rig is a bad idea" I did not know you did a sample survey of the whole investment community. This is a great basher trick, make people believe that every one thinks this is a dab Idea.


Here is another example of half truths:"Also, the CEO purchased 4% of the company himself, which has gotten drys on the hook to potentially be forced to buy the rest of the company do to norwegian law. " Norwegian law says an offer must be made, but it does not say how much. Besides it is becomming obvious that he wants to diversify DRYS from just renting shipping to also renting oil drilling rigs.

Here is an example of an exageration:"there is an expected massive influx of new ships in 2009 and 2010." Yes more ships are to enter the market but many existing ships are over 25 years old and ready to be scrapped.

Here is another examople of doom talk and general bashing: "PE is not correct, the company has sold another 4 mil shares, so the total shares outstanding is now over 40mil as opposed to 36 mil, which as a percentage is rather large. " I guess 11% is rater large to you but not to most of us. He did raise 600 million for the purchjase of ocean rig. No the P/E will remain about 4 due to the huge ncrease in the shipping rates.

All in all your BS is full of half truths and hugely negative slants that rae missleading