DryShips Inc (fka DRYS)

[Burnt before]

Your assuming that DRYS still aging Pananmax spot rate ships actually get hired in the first place on a regular basis. I seem to remember everyone telling me how good 2Q results would be as well LOL.
Yes DRYS is better shape financially that it has been for quite some time, which based on the fact it was on the bones of its ass that is not that surprising. It also came at the cost of wiping out longs repeatably as GE milked the naive or misinformed with his Kalani trick.

But lets get this straight GE is a master of self enrichment not running successful public listed companies, his private entities seem to do OK but DRYS and Ocean rig have both been used solely to enrich himself at commons expense.If they do actually start making money GE will find a way to channel to his private operations and just add debt to his public holdings knowing full well he can just return to the well ( US markets) to raise more money if needed.

Anyone claiming DRYS is actually a good long term investment is delusional

Those who do not learn history are doomed to repeat it

as the famous quote says
Trade it only
http://dryships.irwebpage.com/ir_fleet_deployment.html
most of the Panamax are over 12 years