is - A lot of things have to go right over the next 18 months or so for both DRYS and ORIG. Both are doing what they can to manage cash and opex - such as it is.
I have read a few postings where it was suggested DRYS and ORIG should merge. When companies entertain a move like that there are synergies that make the pairing beneficial in some way. I just don't see that with ORIG and DRYS. Neither has anything that could make a difference in the other's business. A case could be made that management wouldn't be double dipping after a merger, but in the scheme of things the savings would be a relatively small %. So it wouldn't seem to be in the cards.
Keep in mind that GE gave himself the right to pick between scooping up ORIG or DRYS shares equivalent to the loan balance should there be a default. Considering how he has his bases covered, it seems even less likely he would want a merger to take place even if it did make sense.
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