DryShips Inc (fka DRYS)

[Net-Man]

A lot of articles being published stating the share price is down "as investors lose faith" in DRYS. The latest from Motley Fool is the normal drivel from someone that has no real clue what is going on. Any fool should recognize this is a supply demand problem for DRYS. Regardless of any other fact, GE is over supplying shares which in turn pushes the price down. Once the paper drive has completed, the pps will stabilize and move up based on the new business being created.

After a more clear eyed look at the VLGC's, that transaction should net revenue of $1 - $1.5 million per month. Dry bulk should be adding similar numbers by 1Q 2018. The OSVR unit may be fully employed by then too. The next larger factor is what will the BPI (not BDI) move up? Consider that DRYS currently has Panamax ships only and there is still too much tonnage available and there is still significant risk involved in the segment. Several newish ships have been scrapped. With sulfur and bilge water regs taking effect soon, there is additional cost that will force GE's hand.