Replies to post #26772 on DryShips Inc (fka DRYS)

[I-Man]

Good posting Eastender- Economou's little revolver in NOvember is what placed them in position they are in today- first time in last 7-8 years I have known of them...

[The_BORG]

Cash and cash equivalents about $243.0 million, (or $6.70 per share)

[eastunder]

UPDATE: DryShips (DRYS) Reports Q4 Loss of $54.16/Share

NOTE: They had reversed the EPS numbers on their first PR. (It's a conspiracy! ;)

http://www.streetinsider.com/Earnings/UPDATE%3A+DryShips+%28DRYS%29+Reports+Q4+Loss+of+%2454.16Share/12509428.html

(So they DID have the first one wrong. Never seen them do that before. It's in print below)

(Updated - February 7, 2017 4:38 PM EST)


(correction to EPS)

DryShips (NASDAQ: DRYS) reported Q4 EPS of ($54.16), versus ($9,518) reported last year. Revenue for the quarter came in at $12.84 million, versus $23.77 million reported last year.

Updated Key Information as of February 7, 2017:

Cash and cash equivalents about $243.0 million, (or $6.70 per share)
Book value of Vessels, net about $95.3 million
3rd Party Loans about $16.5 million
Sifnos Loan Facility balance about $142.9 million
Sifnos Loan available liquidity about $57.1 million
Number of Shares Outstanding 36,253,866
George Economou, Chairman and Chief Executive Officer of the Company, commented:

"We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over $300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows."


The first one they released said this: Note the reversal

DryShips (DRYS) Reports Q4 Loss of $9,518/Share


http://www.streetinsider.com/Earnings/DryShips+%28DRYS%29+Reports+Q4+Loss+of+%249%2C518Share/12509428.html

DryShips (NASDAQ: DRYS) reported Q4 EPS of ($9,518), versus ($54.16) reported last year. Revenue for the quarter came in at $12.84 million, versus $23.77 million reported last year.

Updated Key Information as of February 7, 2017:

Cash and cash equivalents about $243.0 million, (or $6.70 per share)
Book value of Vessels, net about $95.3 million
3rd Party Loans about $16.5 million
Sifnos Loan Facility balance about $142.9 million
Sifnos Loan available liquidity about $57.1 million
Number of Shares Outstanding 36,253,866
George Economou, Chairman and Chief Executive Officer of the Company, commented:

"We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over $300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows."