Posted:
#101
Are DRYS earnings Tuesday? I thought I heard that. Would make for an interesting day.
***DRYS Thread***
Posted:
#103
Well there is a lot of uncertainty right now with the stock. The following things need to be cleared up . . . and until they do I think this one is going to languish:
Hopefully if dilution is occurring he explains exactly what the cash is being used for (debt or rigs?)
Going to be interesting. Hopefully for the better.
- Total Debt
- Shares Outstanding / Shelf Offering
- Cash on Hand
- Loan Covenants
- Future UDW Rig Delivery
Hopefully if dilution is occurring he explains exactly what the cash is being used for (debt or rigs?)
Going to be interesting. Hopefully for the better.
Posted:
#105
I nimbled at drys today 3700 shares. It seems so unfair that gnk is at $21 when drys is sector leader and is at under $7
I dont see too much downside risk here really. the upside is huge. after earnings It will be clear as to how DRYS is valued. but 1/3 the price of GNK doesnt seem right to me.
I dont see too much downside risk here really. the upside is huge. after earnings It will be clear as to how DRYS is valued. but 1/3 the price of GNK doesnt seem right to me.
Posted:
#108
Walls
you are very correct about the short they will need to cover soon. when we dont know but they will thats a given.
i added another 4k yesterday around $5.32 and another 500 today 4.87
i would like to add more here but i want to wait if it breaks the 4.80 range and heads lower i rather get a lot of real cheap shares than get my average stuck in the high 5's and it move against me .
today should give us alot of clarity as too whats going on with drys, dilution wise and spin-off wise. i still beleive GE is a good business man (he is shady too but) and will keep drys the leader in dry bulk shipping.
only thing about the bdi is the panamaxs are still low compared to everything else and drys has about 14 i think on spot. BDI is very bullish and i'd rather park my money here than anything us wise chinas commodity needs are not going to slump as bad as the us economy is going too.
you are very correct about the short they will need to cover soon. when we dont know but they will thats a given.
i added another 4k yesterday around $5.32 and another 500 today 4.87
i would like to add more here but i want to wait if it breaks the 4.80 range and heads lower i rather get a lot of real cheap shares than get my average stuck in the high 5's and it move against me .
today should give us alot of clarity as too whats going on with drys, dilution wise and spin-off wise. i still beleive GE is a good business man (he is shady too but) and will keep drys the leader in dry bulk shipping.
only thing about the bdi is the panamaxs are still low compared to everything else and drys has about 14 i think on spot. BDI is very bullish and i'd rather park my money here than anything us wise chinas commodity needs are not going to slump as bad as the us economy is going too.
Posted:
#109
Yep..
The low PANA rates relative to Capes makes me think Capes come in...the other interesting thing is Supra are at the same level as PANA and have been performing better lately.
The drop lately is the charters defaulting..it should be less with these rates going up and the BDI is only at 2k, historic rates should be more like 3-4k..
Another issue is if this move up in the BDI retraces, if it holds and doesnt drop back, it could move up even MORE in the spring and summer.
The low PANA rates relative to Capes makes me think Capes come in...the other interesting thing is Supra are at the same level as PANA and have been performing better lately.
The drop lately is the charters defaulting..it should be less with these rates going up and the BDI is only at 2k, historic rates should be more like 3-4k..
Another issue is if this move up in the BDI retraces, if it holds and doesnt drop back, it could move up even MORE in the spring and summer.
Posted:
#110
Quote Originally Posted by wallstreetcappers:
Yep..
The low PANA rates relative to Capes makes me think Capes come in...the other interesting thing is Supra are at the same level as PANA and have been performing better lately.
The drop lately is the charters defaulting..it should be less with these rates going up and the BDI is only at 2k, historic rates should be more like 3-4k..
Another issue is if this move up in the BDI retraces, if it holds and doesnt drop back, it could move up even MORE in the spring and summer.
Yep..
The low PANA rates relative to Capes makes me think Capes come in...the other interesting thing is Supra are at the same level as PANA and have been performing better lately.
The drop lately is the charters defaulting..it should be less with these rates going up and the BDI is only at 2k, historic rates should be more like 3-4k..
Another issue is if this move up in the BDI retraces, if it holds and doesnt drop back, it could move up even MORE in the spring and summer.
I looked at the chart . . . so historically spring and summer rates are stronger (more demand)?
Posted:
#112
when the hell are they announcing earnings ??? i had feb 11 and then seen feb 12 and now hear feb 25 WTF is going on here. i dont like this shit 1 bit. investors shouldnt have to wonder when information is being disclosed especially important information like dilution and a huge spin-off dividend.
without some news from DRYS it will be stuck trading here or it could even go lower.
without some news from DRYS it will be stuck trading here or it could even go lower.
Posted:
#113
WLD,
I thought it wasnt for a while, thats why Ive said I had no idea..usually they drag late into the cycle.
I dont see the spin happening soon if at all, the stock price is too low and the sector isnt performing well. Now SBLK slices the dividend and SB the other day said some negative things.
Now is a good time to get long if you arent..they are selling everything off into the face of improving BDI numbers, negociations of covenants etc..its well worth the risk.
Of course banks dont want to be ship owners and the issue about loan covenants isnt as dramatic as it seems. What we need is the BDI to get high enough that some of these second tier charters stop defaulting and some normalicy returns to the group.
I thought it wasnt for a while, thats why Ive said I had no idea..usually they drag late into the cycle.
I dont see the spin happening soon if at all, the stock price is too low and the sector isnt performing well. Now SBLK slices the dividend and SB the other day said some negative things.
Now is a good time to get long if you arent..they are selling everything off into the face of improving BDI numbers, negociations of covenants etc..its well worth the risk.
Of course banks dont want to be ship owners and the issue about loan covenants isnt as dramatic as it seems. What we need is the BDI to get high enough that some of these second tier charters stop defaulting and some normalicy returns to the group.
Posted:
#118
DRYS up 5% 
DOW - 100pts
options players cashed their puts and closed up some shorts. the BULL run in drys is coming i can feel it.
I'm gonna add a few 1000 shares monday morning premarket. I have faith now that options are outta the way that drys will be going back up. i think we formed the bottom already and bounced off it.
DOW - 100pts
options players cashed their puts and closed up some shorts. the BULL run in drys is coming i can feel it.
I'm gonna add a few 1000 shares monday morning premarket. I have faith now that options are outta the way that drys will be going back up. i think we formed the bottom already and bounced off it.
Posted:
#120
I read the attached Motley Fool article on DRYS . . . what are people's thoughts on this:
https://www.fool.com/investing/general/2009/02/23/this-just-in-upgrades-and-downgrades.aspx
I see this article as being horrible news . . . for one reason and one reason only. That being the share dilution. Two questions:
1) How would Oppenheimer know where DRYS is in the current shelf offering process if it is taking place now?
2) If they are only half way through isn't that terrible news? Does that not mean that we are looking at 100 to 125 million new shares? Bringing the total outstanding to 175 million to 200 million shares? That is awful.
3) finally where would they know that the CEO sold shares today? I looked all over and saw no filings . . . . another red flag. Why sell at $4?
Sigh . . . no reason for me to sell at this price, however I am concerned about adding after reading this article. This being said . . . why would the above news be "good" news and mean an upgrade?
https://www.fool.com/investing/general/2009/02/23/this-just-in-upgrades-and-downgrades.aspx
I see this article as being horrible news . . . for one reason and one reason only. That being the share dilution. Two questions:
1) How would Oppenheimer know where DRYS is in the current shelf offering process if it is taking place now?
2) If they are only half way through isn't that terrible news? Does that not mean that we are looking at 100 to 125 million new shares? Bringing the total outstanding to 175 million to 200 million shares? That is awful.
3) finally where would they know that the CEO sold shares today? I looked all over and saw no filings . . . . another red flag. Why sell at $4?
Sigh . . . no reason for me to sell at this price, however I am concerned about adding after reading this article. This being said . . . why would the above news be "good" news and mean an upgrade?
Posted:
#121
VH2
the upgrade tells you more than the oppenheimer article. they mentioned dilution is almost over. i watched drys trading daily and to me it has been getting diluted daily for about 3 weeks now. i dont believe their sold @ an average of $4. i think it will come in around $6 (80-90million shares added)
the bottom half of the fool article is more on the money. DRYS cash flow and now generating cash to relax covenants with banks will throw out all the bankruptcy bs talk. drys will survive and take over as the leader in dry-bulk shipping again.
I bought 3k today (4.08) intra-day. the premarket open with it up to high for my liking. i thought it would hold $4 all day so i didnt add on the bottom of the day but im happy with 3000 more at $4. this stock will atleast double from here within a month.
the upgrade tells you more than the oppenheimer article. they mentioned dilution is almost over. i watched drys trading daily and to me it has been getting diluted daily for about 3 weeks now. i dont believe their sold @ an average of $4. i think it will come in around $6 (80-90million shares added)
the bottom half of the fool article is more on the money. DRYS cash flow and now generating cash to relax covenants with banks will throw out all the bankruptcy bs talk. drys will survive and take over as the leader in dry-bulk shipping again.
I bought 3k today (4.08) intra-day. the premarket open with it up to high for my liking. i thought it would hold $4 all day so i didnt add on the bottom of the day but im happy with 3000 more at $4. this stock will atleast double from here within a month.
Posted:
#123
Sorry but I HIGHLY doubt he has been selling like these guys say.
WHY would he sell down here, what bank put the vice on George to make him do this?
I dont get why any one bank would DEMAND 500M in cash in order to keep loan covenents in place when George has said that they are working WITH the other banks to negociate a waiver in the short term.
Who knows..really, until I hear it from George I wont buy this, mainly because every share issuance negociation has been at higher prices and he has said SEVERAL times that he and Cardiff arent selling and all negociated terms were for 30 plus and higher, so why sell down here?
WHY would he sell down here, what bank put the vice on George to make him do this?
I dont get why any one bank would DEMAND 500M in cash in order to keep loan covenents in place when George has said that they are working WITH the other banks to negociate a waiver in the short term.
Who knows..really, until I hear it from George I wont buy this, mainly because every share issuance negociation has been at higher prices and he has said SEVERAL times that he and Cardiff arent selling and all negociated terms were for 30 plus and higher, so why sell down here?
Posted:
#124
walls
I dont see how they arent selling down here. the price movment looks like its being diluted. I am getting pissed i thought their earnings with on the 25th afterhours. Now i have no idea, this is the 3rd date i have gotten from etrade and other sources, 11, 12, 25th and now it looks like its getting pushed back. I really dont like the sound of this.
I dont see how they arent selling down here. the price movment looks like its being diluted. I am getting pissed i thought their earnings with on the 25th afterhours. Now i have no idea, this is the 3rd date i have gotten from etrade and other sources, 11, 12, 25th and now it looks like its getting pushed back. I really dont like the sound of this.
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