On 5/7 DRYS reported to have $107 million in cash. Don't know how much of that pile remains today, however, it seems they will have more than $200 million on hand soon enough. Keeping with 30-40% debt to equity, GE could add quite a few new dry bulkers to the fleet. As the BDI continues moving higher ash111's prediction of extremely high annual revenues could easily come to pass.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.