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Post# of 58072
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Net-Man

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Net-Man

Re: I-Man post# 57070

Friday, 07/20/2018 6:40:51 PM

Friday, July 20, 2018 6:40:51 PM

Post# of 58072
I-Man - they worked the pps down last quarter ahead of earnings to. Between shorts and MM.'s needing more shares after the run up, it probably makes sense. Earnings should be out within the next 3 weeks and the pps will likely start moving back up.

Looking for more detail from GE on the pending sales, how much cash DRYS will have on hand, and more importantly what is he planning to do with the cash. He has never sat long with cash in his pockets and with that amount on hand he could easily be a large take over under way or a lot of newbuildings to purchased. If he sticks with a 35-40% equity to loan position, there could be $1-1.5 billion in purchases very soon.
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