The current DRYS pps is slightly higher than the scrap metal value of the ships let alone ORIG. Fear of crude oil price has driven down ORIG's pps; the November halt to steel production in China combined with rapidly sinking iron ore prices have not quite but almost halted ore imports to China. We are now entering a typical slow down in ore shipments primarily due to weather. There are a lot of factors that go into what will move DRYS pps either way, of course. I just don't believe it is realistically valued today. Consider the tanker IPO will easily exceed DRYS market cap right now and that is only 10 ships.
ORIG is up 5+% this morning. That should add at least .05 to DRYS. In short, I don't believe DRYS is headed to oblivion.
News 
Market Data 
Discover 
AI
