but one has to ask, will growth around the world stop? will it grind to a halt? or will it return to where it once was or even half of what it once was... or possibly even increase? Africa hasn't even started to grow...
if it does... this increase in supply to the industry should not matter much... I mean if you assume DRYS is worth 60 in the next few years, if the demand goes back to where it was say in april of 2008 a 15% cut would be $51
it's a very interesting long term play... (that's if we get a global recovery... which appears to be taking place.. )
Everything I say is in my own opinion do not buy sell or hold based off what I have to say.
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.