Posted:
#26
I have had EGLE since september. WALL ST has also cautioned me in the past. i think i might have to take some profits soon.
Spottie2935 on socials
covers members are missing the boat......
Posted:
#29
Quote Originally Posted by wallstreetcappers:
Wallstreet: I made an argument in here for DRYS in Spring of 2006 when you actually could have bought it just under 10. Unfortunately I never pulled the trigger on it and I'm tortured every time I get an updated quote on it.Jeff,
They lease out the vessels so really they dont need a ton of employees.
Somthing doesnt feel right about DRYS. I did some research about the stock last year and the way the managment has financing done and how it is so closely held made me shy away.
They are selling at 10 times revenues and look at the balance sheet..SIX MILLION in cash, SIX HUNDRED MILLION in debt.
Ive read about the CEO and there are some definate questions in my mind about operations and that probably cost me a 3 bagger on the stock. I am going to try and look back to see when we talked about DRYS here, but it was probably when the stock was around 20.
Posted:
#30
GVK,
Where have you been???
I still do not trust the managment of DRYS..I dont at all. A closely held company like that who has a past with shady transactions, I dont trust them and that is why I could never go long the stock..
I really think he is cooking the books but since they are a foreign company and closely held, it might not come out for years. Look at their assets and sales..the stock is overpriced by probably 60-70% to be honest.
Selling at 7 times sales and 4 times so-called book? They have 800M in debt and are leveraged to the hilt...
That said I wont get in front of the stock until it breaks..i dont know where it could go but I really truely think it is a sham, somthing like Crazy Eddies back in the day...
Where have you been???
I still do not trust the managment of DRYS..I dont at all. A closely held company like that who has a past with shady transactions, I dont trust them and that is why I could never go long the stock..
I really think he is cooking the books but since they are a foreign company and closely held, it might not come out for years. Look at their assets and sales..the stock is overpriced by probably 60-70% to be honest.
Selling at 7 times sales and 4 times so-called book? They have 800M in debt and are leveraged to the hilt...
That said I wont get in front of the stock until it breaks..i dont know where it could go but I really truely think it is a sham, somthing like Crazy Eddies back in the day...
Hot Forum Topics
