DryShips Inc (fka DRYS)

[Net-Man]

For all intents and purposes, DRYS will have 104 million outstanding by 10/3 and another $100 million in NAV. Between that and Heidmar that is an additional $200 million in NAV in 6 weeks that hasn't found its way into the stocks valuation. There seems to be a lot of headroom from the close yesterday and NAV/share. When financials are release for 3Q there will be a much more clear understanding of the accretion from all of the new vessels. Throw into the mix improving spot rates, especially so from the effects from the hurricanes, and DRYS might just post a few surprises down the road.