Very strong action the last 2 sessions here for DRYS. Let's see if we can close abobe the closing high from last rally ($12.43). Maybe this rally can have follow-thru to $20+. I think it might.
Very strong action the last 2 sessions here for DRYS. Let's see if we can close abobe the closing high from last rally ($12.43). Maybe this rally can have follow-thru to $20+. I think it might.
I"m in too. I think the market is way ahead of itself. Thats the only thing we got going against us here. If the market continues to go up, Drys will. I know its common sense but the market is up a lot in the past month.
I"m in too. I think the market is way ahead of itself. Thats the only thing we got going against us here. If the market continues to go up, Drys will. I know its common sense but the market is up a lot in the past month.
Well DRYS went down way too much, pricing in BK when they have 60% of their fleet on dominating charters, 55-50% for the next three years, and a credit line of 1B plus.
If rates go to historic normal levels, DRYS is a 50 plus buck stock.
Well DRYS went down way too much, pricing in BK when they have 60% of their fleet on dominating charters, 55-50% for the next three years, and a credit line of 1B plus.
If rates go to historic normal levels, DRYS is a 50 plus buck stock.
And the broader market is holding DRYS back from really taking off. I think if this was a good day in the market DRYS is over $18 right now. I think $20 is almost inevitable, probably next week.
And the broader market is holding DRYS back from really taking off. I think if this was a good day in the market DRYS is over $18 right now. I think $20 is almost inevitable, probably next week.
Hopefully we can keep this momentum going. I was able to average down a bit in the single digits but I was so discouraged by the movement that I did not do as much as I could have. One can only see a stock go down 15-20% every day so many times before they get tired of throwing cash into the fire. Obviously hindsight is 20-20. And good investors are those that take a chance. Wish I had taken a bigger. Oh well.
At least my average cost is in the low 20's now compared to where it was late summer . . . so I guess that is good.
People who were able to jump in at the $3.50 and $4.00 levels got a real steal here. Lucky bastards.
Who knows what the next future weeks holds for this stock. I am nervous to hold through earnings when we find out how much we have been diluted but most likely will. If we get back to even for me I'll have to evaluate what I want to do with this cash.
Hopefully we can keep this momentum going. I was able to average down a bit in the single digits but I was so discouraged by the movement that I did not do as much as I could have. One can only see a stock go down 15-20% every day so many times before they get tired of throwing cash into the fire. Obviously hindsight is 20-20. And good investors are those that take a chance. Wish I had taken a bigger. Oh well.
At least my average cost is in the low 20's now compared to where it was late summer . . . so I guess that is good.
People who were able to jump in at the $3.50 and $4.00 levels got a real steal here. Lucky bastards.
Who knows what the next future weeks holds for this stock. I am nervous to hold through earnings when we find out how much we have been diluted but most likely will. If we get back to even for me I'll have to evaluate what I want to do with this cash.
I am happy DRYS has held in here nicely, the Cape day rates are starting to improve but the US market isnt helping, down 800 plus points and we are holding in..
With Cape rates at 15k and PANA rates at 4k something has to give..I expect Capes to retreat a bit, at 15k for Cape, Pana rates should be double what they are..I hope instead of Cape rates retreating that Pana's pick up.
Either way, spot rates are improving and that REALLY helps DRYS other assets..
The Cramer recco really ticked me off as you know..
VH2,
I am happy DRYS has held in here nicely, the Cape day rates are starting to improve but the US market isnt helping, down 800 plus points and we are holding in..
With Cape rates at 15k and PANA rates at 4k something has to give..I expect Capes to retreat a bit, at 15k for Cape, Pana rates should be double what they are..I hope instead of Cape rates retreating that Pana's pick up.
Either way, spot rates are improving and that REALLY helps DRYS other assets..
The Cramer recco really ticked me off as you know..
I am happy DRYS has held in here nicely, the Cape day rates are starting to improve but the US market isnt helping, down 800 plus points and we are holding in..
With Cape rates at 15k and PANA rates at 4k something has to give..I expect Capes to retreat a bit, at 15k for Cape, Pana rates should be double what they are..I hope instead of Cape rates retreating that Pana's pick up.
Either way, spot rates are improving and that REALLY helps DRYS other assets..
The Cramer recco really ticked me off as you know..
Too bad DRYS has all of their capes under LTC's and are exposed to spot market with their Pana's. Oh well.
I'm just happy the stock has rebounded. Anxious about earnings to see what the float is for shares outstanding and to see what else is going on with upcoming rigs, etc.
Been awfully quiet.
Quote Originally Posted by wallstreetcappers:
VH2,
I am happy DRYS has held in here nicely, the Cape day rates are starting to improve but the US market isnt helping, down 800 plus points and we are holding in..
With Cape rates at 15k and PANA rates at 4k something has to give..I expect Capes to retreat a bit, at 15k for Cape, Pana rates should be double what they are..I hope instead of Cape rates retreating that Pana's pick up.
Either way, spot rates are improving and that REALLY helps DRYS other assets..
The Cramer recco really ticked me off as you know..
Too bad DRYS has all of their capes under LTC's and are exposed to spot market with their Pana's. Oh well.
I'm just happy the stock has rebounded. Anxious about earnings to see what the float is for shares outstanding and to see what else is going on with upcoming rigs, etc.
after some nice gains yesterday, we take a big hit today witht he news on DRYS. I dont own drys, but i own GNK. Is it time to bail? Is GNK going to do the same and cut or suspend their dividend as well?
after some nice gains yesterday, we take a big hit today witht he news on DRYS. I dont own drys, but i own GNK. Is it time to bail? Is GNK going to do the same and cut or suspend their dividend as well?
I would expect that GNK will slice the dividend, most all others have..I was a little shocked he cut the dividend, but it wasnt that much anyway compared to others.
What was interesting is based on OPERATIONS only there were some decent earnings there, but when you factor in the costs of cancellation etc it hit the earnings number quite a bit, and I think that is why the stock isnt down more than it is now.
Based on what numbers are there, earnings should be 3 plus or higher even given the low spot rates, not all that bad given the circumstances and where the shipping market is.
I would expect that GNK will slice the dividend, most all others have..I was a little shocked he cut the dividend, but it wasnt that much anyway compared to others.
What was interesting is based on OPERATIONS only there were some decent earnings there, but when you factor in the costs of cancellation etc it hit the earnings number quite a bit, and I think that is why the stock isnt down more than it is now.
Based on what numbers are there, earnings should be 3 plus or higher even given the low spot rates, not all that bad given the circumstances and where the shipping market is.
Revenues were good, between TCE and rig revenues, I dont see how we dont make 3-4-5 or more if rates rebound at all this year.
The stock got socked in the stomach today, probably will ground it for a bit..but if you read the fine print, what didnt we know already here? Outside the other Cape cancellations and the costs associated with that, what is news here? It looks like Cardiff transaction is cancelled and they either get cash or warrants/shares but MUCH less than if the deal had gone through, and no payment assumptions.
It is a conservative move but the right move and I dont see what wasnt known..revenue numbers were close to what analysts expected, margins not bad based on earnings..but due to tons of spot vessels it effected them quite a bit.
Its probably dead for a while though.
VH2,
Revenues were good, between TCE and rig revenues, I dont see how we dont make 3-4-5 or more if rates rebound at all this year.
The stock got socked in the stomach today, probably will ground it for a bit..but if you read the fine print, what didnt we know already here? Outside the other Cape cancellations and the costs associated with that, what is news here? It looks like Cardiff transaction is cancelled and they either get cash or warrants/shares but MUCH less than if the deal had gone through, and no payment assumptions.
It is a conservative move but the right move and I dont see what wasnt known..revenue numbers were close to what analysts expected, margins not bad based on earnings..but due to tons of spot vessels it effected them quite a bit.
Revenues were good, between TCE and rig revenues, I dont see how we dont make 3-4-5 or more if rates rebound at all this year.
The stock got socked in the stomach today, probably will ground it for a bit..but if you read the fine print, what didnt we know already here? Outside the other Cape cancellations and the costs associated with that, what is news here? It looks like Cardiff transaction is cancelled and they either get cash or warrants/shares but MUCH less than if the deal had gone through, and no payment assumptions.
It is a conservative move but the right move and I dont see what wasnt known..revenue numbers were close to what analysts expected, margins not bad based on earnings..but due to tons of spot vessels it effected them quite a bit.
Its probably dead for a while though.
You are most likely right . . . this news was known for a while. Should be interesting to see what happens with the RIGS that were ordered. Hopefully those do not need to be canceled.
Looks like another ugly day ahead for us . . . both this stock and the market as a whole.
Quote Originally Posted by wallstreetcappers:
VH2,
Revenues were good, between TCE and rig revenues, I dont see how we dont make 3-4-5 or more if rates rebound at all this year.
The stock got socked in the stomach today, probably will ground it for a bit..but if you read the fine print, what didnt we know already here? Outside the other Cape cancellations and the costs associated with that, what is news here? It looks like Cardiff transaction is cancelled and they either get cash or warrants/shares but MUCH less than if the deal had gone through, and no payment assumptions.
It is a conservative move but the right move and I dont see what wasnt known..revenue numbers were close to what analysts expected, margins not bad based on earnings..but due to tons of spot vessels it effected them quite a bit.
Its probably dead for a while though.
You are most likely right . . . this news was known for a while. Should be interesting to see what happens with the RIGS that were ordered. Hopefully those do not need to be canceled.
Looks like another ugly day ahead for us . . . both this stock and the market as a whole.
If we think DRYS is dead, what about the rest of the dryshippers? The swings are unbeleivable. A daytraders dream sector here. I got out of GNK only losing a few bucks on an upswing yesterday and then tanked later and into today. Are we done seeing the 10-15% gains/losses in a day?
If we think DRYS is dead, what about the rest of the dryshippers? The swings are unbeleivable. A daytraders dream sector here. I got out of GNK only losing a few bucks on an upswing yesterday and then tanked later and into today. Are we done seeing the 10-15% gains/losses in a day?
DRYS was very oversold. I think all the news was old news and was previously well baked in. Should trade pretty soon on the future rather than the past and if the BDI keeps ticking up DRYS will soar. The steps taken were prudent and positions DRYS well for recovery. I don't agree that it's dead money.
DRYS was very oversold. I think all the news was old news and was previously well baked in. Should trade pretty soon on the future rather than the past and if the BDI keeps ticking up DRYS will soar. The steps taken were prudent and positions DRYS well for recovery. I don't agree that it's dead money.
DRYS was very oversold. I think all the news was old news and was previously well baked in. Should trade pretty soon on the future rather than the past and if the BDI keeps ticking up DRYS will soar. The steps taken were prudent and positions DRYS well for recovery. I don't agree that it's dead money.
Agreed.
You could argue the transaction should never have been entered into to begin with, but hindsight is 20/20. Short term, who knows with how terrible the global economy is, but at some point, it will pick up again (whether that is 3 months, or 3 years, who knows) and as long as DRYS remains a continuing entity, it will be in a good position.
Quote Originally Posted by depeche2:
DRYS was very oversold. I think all the news was old news and was previously well baked in. Should trade pretty soon on the future rather than the past and if the BDI keeps ticking up DRYS will soar. The steps taken were prudent and positions DRYS well for recovery. I don't agree that it's dead money.
Agreed.
You could argue the transaction should never have been entered into to begin with, but hindsight is 20/20. Short term, who knows with how terrible the global economy is, but at some point, it will pick up again (whether that is 3 months, or 3 years, who knows) and as long as DRYS remains a continuing entity, it will be in a good position.
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