Replies to post #36437 on DryShips Inc (fka DRYS)

[Burnt before]

Could drys be way undervalued here???

i think at 70c a share we can all agree is cheaper than it should be, but that is because the CEO is a crook and its in the middle of a 1-4 R/S and substantial dilution AGAIN.

Only a mental would buy right now EOM

[surfer44]

Is goerge actually a shipping genius, current market consensus says he is positioning drys to cash in handsomely on the fast and furious recovery in the shipping industry. Could drys be way undervalued here???

My take is that shipping had a nice run pre-recession and then got slammed. I think survivors learned something from that and are positioning for a second go-around. What I noticed about DRYS is that it is becoming diversified, with low debt, and buying undervalued assets. In particular I noticed the move into LNG. I also like GE taking care of the ORIG situation by taking it into bankruptcy and not dragging it out. Shipping is cyclical but maybe the cyclicality can be reduced in the future. Let's get some dividends!

[aassnnaapp]

AFTER REVERSE SPLIT $10.00 EASY