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Net-Man

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Net-Man

Re: None

Wednesday, 09/05/2018 5:15:17 AM

Wednesday, September 05, 2018 5:15:17 AM

Post# of 58072
Still wondering what GE is planning to do with all of the cash that will be in DRYS coffers after the VLGC sale. My assumption is they will have between $350-$400 million in cash and debt around $250-$300 million. Book value of the remaining ships maybe around $600 million.

Net per share looks to be ~$7-$8. Today's pps looks like a pretty steep discount. Clearly nothing added to the pps for any level of profit. Although last quarter was slightly better than break even, spot rates have been higher so far this quarter.
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