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Post# of 58072
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benfrankledger

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benfrankledger

Re: Daniel_777 post# 26621

Tuesday, 02/07/2017 2:57:38 PM

Tuesday, February 07, 2017 2:57:38 PM

Post# of 58072
So what's the stock worth now based on the company's net assets?

Here's my rough assessment:

Cash: $250 mln

Drybulk and offshore service fleet: $100 mln

Advance payment made towards the first VLGC: $22 mln

Long-term debt: $160 mln

Number of shares outstanding: 36.25 mln

In sum, DryShips current net assets roughly calculate to $212 mln ($250 mln cash + $100 mln fleet assets + $22 mln VLGC advance payment - $160 mln long-term debt) or $5.85 per share.
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