DryShips Inc (fka DRYS)

[Net-Man]

GE is on track to remove 1/3 of the shares that are essentially the float for DRYS. It seems clear he isn't selling any of his shares. I wonder what the impact to the pps will be as the number of shares drops from roughly 30 million to 20 million? I am also wondering if the Gas Ships spin off will take place prior to the end of the buyback. If that is the case, it seems to spin off won't happen for 2-3 months given the pace of the buyback.

Time will tell, of course. For now though, we are starting into the South American grain season, which should start moving the BDI upwards. That should drag the pps higher going into April and beyond.