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Net-Man

09/16/15 12:51 PM

#11207 RE: leslunier #11206

leslunier - the larger problem for DRYS had been the debt being carried. Revenues were never going to be enough to pay the bill. While I believed selling some of the assets was necessary, I simply never considered GE selling off all of the ships.

What does seem clear though is that DRYS pps is well below the liquidated asset values.