I-Man - I agree that DRYS is currently trading at a discount to NAV. Don't think it is $10 though. Perhaps something closer to $8 based on the 1Q report and possible adjustments for ship valuations. Just the same, as the BDI continues moving up during this part of the cycle DRYS net revenues will also move up. They posted $0.8 million net revenues for the first quarter and that did not include a full quarter for all ships. EBITDA was $12.9 million for the quarter. So one would think that 2Q numbers would be much better.
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