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Net-Man

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Net-Man

Re: Emptyhead post# 52288

Thursday, 09/07/2017 10:00:50 AM

Thursday, September 07, 2017 10:00:50 AM

Post# of 58072
EH - I don't disagree that GE is in this for himself and cannot be trusted. However, everything the man has stated in his filings is exactly what has been done. He is on record saying the next "phase" of rebuilding DRYS is to better utilize debt and bring that ratio up to 50/50 debt equity. A lot depends on where spot rates go, of course. Rates have improved over the past year and are at roughly twice where they were last year. BDI is up again today and is just under 1300. The hurricanes are bad news for everyone except shipping. Rates will move higher as a result, which bodes really well for the remainder of 3Q and 4Q.

My point, I suppose, is that DRYS without any new surprises is headed higher.
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