DryShips Inc (fka DRYS)

[Net-Man]

ash - it certainly does appear the selling pressure from Kalani has been reduced, which is allowing the pps to find its equilibrium. Whether $2 is the trigger or not, the pps has been steadily advancing over the last several trading sessions. My sense is the financials and management's discussion of the next few quarters to year will extend the advance. Once the pps stays above $5 for a bit, the big players will move in and the pps will move violently for several days probably over shooting the equilibrium.

The fun part is to use GE's projected ebitda for next year and apply a few pe multiples. That in itself is fairly revealing. For several years I have predicted 4Q 2017 to be the point where dry bulk rates start ramping back up. I don't believe GE's numbers would have accounted for that and were likely somewhat pessimistic. Whatever the numbers end up being, the one certainty is DRYS is very much undervalued today.