Replies to post #37270 on DryShips Inc (fka DRYS)

[Burnt before]

Do not kid yourself, the DRYS revenues included all the Ocean rig drillship dayrates which peaked in 2014, some of those ships were getting $600k+ a day, DRYS no longer has this revenue stream having pulled out of Ocean rig.Ocean rig has since shafted its commons by going bankrupt while GE has protected his own presonal investment in Ocean Rig by renegotiating with bond holders at the expense of the commons, he is in charge of both if that is not a warning about the man i do not know what is.

That $2 billion is an absolute misrepresentation of DRYS in its current state and is a complete red herring, and it will never see those type of figures again.
But the biggest issue by far is the GE the self dealing, corporate highway man who will have absolutely no qualms about shafting commons over and over again, all the while protecting/increasing his own cash pile.

GL

[Net-Man]

$2b in revenues included ORIG. DRYS revenues were a small part of the total. And I would agree that investors do look forward to value a company and potential share price. DRYS over the next several weeks or however long GE takes to dump the remaining $174 million in shares, will continue going down. It might stabilize at some point, but is seems clear to me at least the pps iis headed lower. Maybe after GE gets closer to raping investors, just maybe a short-term trade will work.