DryShips Inc (fka DRYS)

[I-Man]

YES Borg! Best earnings I have seen for DRYS in last 7-8 years knowing them...



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ATHENS, GREECE -- (Marketwired) -- 02/07/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, today announced its unaudited financial and operating results for the quarter ended December 31, 2016.

Updated Key Information as of February 7, 2017:

Cash and cash equivalents about $243.0 million, (or $6.70 per share)
Book value of Vessels, net about $95.3 million
3rd Party Loans about $16.5 million
Sifnos Loan Facility balance about $142.9 million
Sifnos Loan available liquidity about $57.1 million
Number of Shares Outstanding 36,253,866
George Economou, Chairman and Chief Executive Officer of the Company, commented:

"We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over $300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows."