What I find odd is how many are looking in the rear view and not watching the road. I don't believe anyone was expecting 2Q to be all that great. It more or less mirrors what othe dry shippers had already reported. 3Q will have 14 additional ships in the mix and will be an entirely different story. 4Q will have the benefit of 2 additional VLGCs for nearly the entire quarter with the final ship joining the fleet in December. What was missing today was any update to future revenue projections. Will Heidmar, for instance be accretive in the current quarter?
More details are needed but I wouldn't be making an investment here base on prior quarters' performance. DRYS is a different company today.
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