DryShips Inc (fka DRYS)

[Net-Man]

DD - I don't see the pps ever getting back there. However book value is roughly $7.40 at the moment. My guess is GE will continue buying shares if the pps stays at this level. If the pps takes off to a much higher level though, I suspect he will sell a small portion of his shares for the inflated price. Either way the number of outstanding shares seems headed to ~85 million or something closer to an $8 book value. Some of the algebra will likely also change as the VLGC's move off the books and the additional dry bulk ships added. Regardless, the pps is still far below book.