DRYS soon time to buy again?

Well the BDI is solid again, Cape rates over 80k, debt waivers done and pathetic priced secondaries done.

I sold my 3.50 shares over 7 and would be interested in that area you mention.

This summer might be slow for shippers, we might even get lower prices than 4.50.

Just remember Rubberneck there are 250 million shares outstanding now.

However . . . if it gets back into the 4's I might be interested myself.  Each month that goes by we get closer to the potential spinoff which should incresae the value significantly.

VH2,

I dont visit yahoo much anymore since it is a joke there now but I thought I read where George was thinking IPO on the drill division..would that be the ultimate slam on DRYS shareholders or what?

Wait . . . an IPO now and no longer a 1 for 1 share offering?  Ugh.  George just keeps looking out for himself.

I did not realize that was the case.  Yeah I visited the DRYS board a week ago and I didn't even recognize anyone there anymore.  It seems everyone is fed up with what is going on and has moved on.  No good discussion goes on there anymore.  Pretty sad.

The thing that attracted me most about DRYS was the spinoff.  Without it I do not find it that attractive. 

I am in your camp . . . an IPO is a definite slap in the face.