DryShips Inc (fka DRYS)

[Net-Man]

Seems to me that DRYS is more or less on track as expected. While they have a number of long-term charters that make those ships profitable, the remainder are dependent on spot prices. Those prices have moved up significantly this year, but have a ways to go just to catch up with the average. The BDI needs to almost double from here to get to average. The world's economy is growing at a faster pace and will increase shipping demand and in turn spot prices. Do your own calculations of what DRYS 4Q revenue will be. Perhaps their story isn't quite so gloomy.