InvestorsHub Logo
Followers 39
Posts 5453
Boards Moderated 0
Alias Born 06/10/2004

Re: None

Wednesday, 10/24/2018 9:03:12 AM

Wednesday, October 24, 2018 9:03:12 AM

Post# of 58072
GE had been providing SEC filings for his ownership changes resulting from the buyback on a 2 week cycle. That has changed now, which leads me to assume the buyback is either complete or nearly so. Also, he has remained silent on the VLGC sale and what he intends to do with all of the cash, not just from that sale, but the cash from all of the dealings over the summer. That cash hoard could be as much as $400 million now.

Assuming that last is correct, that's more than $4 in cash value per share never minding the net asset values of the ships. It seems DRYS is significantly undervalued today.

Join the InvestorsHub Community

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.