May Stock Talk II

hat,

Cramer was bashing DRYS 30 points ago..he is an idiot.

OMNI, that sure is a name from the past..havent checked them out in a while.

Good job Gunners...looks like we are in that trading range again, I would look to exit when the SPX and DOW cycle down towards the lower boundaries.

 I just was informed I have a $25,000 windfall due to an absurd error of a company I used to work for. (I have cashed out before they could change their mind).

Hmmm...kinda torn, see terrible prospects in US, and think the contagion spreads. However, there is always ways to make money somewhere. Any suggestions guys??

You want to take some risks or take a conservative route?

So how did 25k plop into your lap?

It involves 401 payments that should have,but were not, made by the (privately held) company.

You know me well enough Wall, conservative and fundamentalist oriented but not completely risk averse when I see compelling numbers.As this was never factored into my plans, this is money I am comfortable risking more than usual.

 But I am not going to place it all on Nadal to waltz through the French Open either...

PS

My initial thought was to simply add to DRYS...

May 20, 2008 1:49 PM EDT
Cantor Fitzgerald reiterates its Buy rating on DryShips (Nasdaq: DRYS) and raises its price target from $114 to $123.

Vermeer,

If it is IRA monies I would agree..lock up some long term shares, hold for the Rig spin off..tons of value there.

I agree with that choice of course.

 I think I am going to go tht route with most, if not all of it Wall.The only thing I think derails shippers is a major recession in China, and while it possible, I think it unlikely...I do see a real problem in the US however....one much worse than some seem to forecast.

Vermeer,

Go to DRYS investor section on their website and look at the presentation today..look at the projected cash flow numbers and how George is locking some charters in 09.

The real value is in the Rig purchase and spin and the Drillships angle, that and the cash flow machine DRYS is.

LOL, I would if I could Gunners...damn that stock irritates me!!!

Will do Wall...

113% ROE on DRYS..there are some serious numbers in that presentation, among other things...among other things, 600K a day for ultradeep well rigs...yikes!!

Yep and while the margins arent as sweet as for current bulk, it diversifies the company and brings in more stable revenue streams that should add market cap, and will be a nice spin off for shareholders in about a year or so.