DryShips Inc (fka DRYS)

[the big guy]

That is a really interesting question. I think the answer is no. A Reverse Split can be justified with theoretical arguments that mean nothing when a company is in trouble and just wants to get themselves out. In reality, it is just that. When I have one of my companies do a R/S I usually sell it immediately and acknowledge that I made a mistake getting into it in the first place. Investors have to be cautious and protect themselves.

For the record, I invested in shipping in various companies back in 2011/ 2012. This included Dryships as well as Diana Shipping and Navios Marine. After the runup, I only kept Navios. With the rest I fled to safer stuff. navios is a dog but has been coming back a bit.

I just got back into DRYS awhile back after watching this.