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.
Established in 1995,
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