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DRYS - DryShips Inc - Page 11

post #201 of 5466
Did you guys here that DRYS is selling assets and thats driving profits?

I would look into it.
post #202 of 5466
What I find strange is there is not one story on this. The decline in the dry shipping sector was the story of the day yesterday. Not one mention on Fast Money, not one story I can find anywhere that covers it. How can you ignore companies that dropped 20 percent? The market does not seem to know how to react, there is very little trading premarket. Just strange. There is great opportunity here to make quick money.
post #203 of 5466
Thread Starter 
Quote:
Originally Posted by KarateBoy View Post
Did you guys here that DRYS is selling assets and thats driving profits?

I would look into it.
That seems to be just a rumor. I can't find any information relating to that other than on stock message boards. And that wouldn't explalin the drop the entire sector had. Every one of the dry bulk stocks tanked yesterday between 2:30-4:00.

It looked like to me that a pull back was happening, then that rumor came out, people who purchased this probably had tight trailing stops set, those got taken out which caused a quick drop which in turn caused panic, which in turn made my stomach hurt and made me turn my computer off.

Just an theory.
post #204 of 5466
Thread Starter 
Quote:
Originally Posted by LuckyOne View Post
What I find strange is there is not one story on this. The decline in the dry shipping sector was the story of the day yesterday. Not one mention on Fast Money, not one story I can find anywhere that covers it. How can you ignore companies that dropped 20 percent? The market does not seem to know how to react, there is very little trading premarket. Just strange. There is great opportunity here to make quick money.
You'd think the boys on Fast Money would have at least mentioned it. Wasn't it one of those guys that put the pr out about the option activity yesterday?

I bet we get a run back to over 120 today, shorts will probably try to take it down more on the open, but if nothing comes out regarding the reasoning, then this drop is uncalled for.
post #205 of 5466
http://www.forbes.com/2007/10/30/dry...rtner=yahootix

Freight rates seem to be dropping for the shippers, but it doesn't seem like their is going to be a massive decline in demand. Seems like a fair amount of smoke and mirrors to me.

I'd buy at this point....but I already have decent positions in three shippers. Should be a good day and the companies should all make up at least half of their losses from yesterday.
post #206 of 5466
I bought yesterday and will be buying more Calls this morning if I like what I see.
post #207 of 5466
Quote:
Originally Posted by Doublrs View Post
im sure you were not the only person burned by that fall...I was thinking of starting a position earlier this week and glad I didnt...After the big fall I could see continued pressure into tomorrow. this thing has been a monster so it had to pull back eventually
I know I just find this a bit comical. I had a nightmare of a big drop and then there was a big drop. Haha.
post #208 of 5466
I owned Excell marine @ 17.00 sold 50% @ 40.00
Let the rest run when it reached the 70. area I was very uncomfortable.

the sector had its run and the rotaion and profit taking was in order.

At these levels if you were not running with tight stops you learned a valuble lesson.

I was long gone.

of coarse there is another side, to shake out the weak and free up some shares.
The trade was over a long time ago.
the selling began back on Oct. 8th on DRYS
If you hang in buy protection in this sector.
post #209 of 5466
Thread Starter 
Quote:
Originally Posted by letsbully7 View Post
I know I just find this a bit comical. I had a nightmare of a big drop and then there was a big drop. Haha.
No more sharing of those type of nightmares.
post #210 of 5466
DRYS is up $6 in premarket...hopefully a quick recovery.
post #211 of 5466
Look for it to break $100, anything below and that is an accumulatio point just from a psychological point.

$95.47 will be the technical but I dont see it hitting that unless the market tanks today.

Again, slowly accumulating today.

Quote:
Originally Posted by LuckyOne View Post
DRYS is up $6 in premarket...hopefully a quick recovery.
post #212 of 5466
DRYS is trading at about 14x 2007 earnings. Most bulk shippers are trading at 20x or more 2007 earnings(except EXM at about 17x earnings). The CEO of DRYS has stated that he wants to sell old ships so that he can buy more ships less than 10 yrs old. Of course China is pissed about costs, SO WHAT. Oil wasn't supposed to pass $50, $60,$70,$80,$90. Didn't Buffet just go to China and say that factories were being built as far as he could see. China is pissed about the price of ore. We are pissed about the price of oil. Are we gonna stop driving? Is China gonna stop building? NO. Its called supply and demand. Same as oil stocks and agriculture stocks. As long as the Baltic stays above 9000, all bulk shippers will make alot of money. JMO
post #213 of 5466
Thread Starter 
I can't see the BDI on dryships website, and I'm reading unconfirmed reports of it being up 400pts. Can someone confirm this.

EDIT:

BDI down 270 today.
post #214 of 5466
Quote:
Originally Posted by footstock View Post
DRYS is trading at about 14x 2007 earnings. Most bulk shippers are trading at 20x or more 2007 earnings(except EXM at about 17x earnings). The CEO of DRYS has stated that he wants to sell old ships so that he can buy more ships less than 10 yrs old. Of course China is pissed about costs, SO WHAT. Oil wasn't supposed to pass $50, $60,$70,$80,$90. Didn't Buffet just go to China and say that factories were being built as far as he could see. China is pissed about the price of ore. We are pissed about the price of oil. Are we gonna stop driving? Is China gonna stop building? NO. Its called supply and demand. Same as oil stocks and agriculture stocks. As long as the Baltic stays above 9000, all bulk shippers will make alot of money. JMO
post #215 of 5466
Thread Starter 

News

DryShips Inc. takes advantage of strong market to fix 5% of its 2008 fleet days for 79 million of EBITDA


ATHENS, GREECE--(MARKET WIRE)--Oct 31, 2007 -- DryShips Inc. (NasdaqGSRYS - News), a global provider of marine transportation services for drybulk cargoes, today announced that it has entered into short-term charters for four of its Panamax vessels with first class charterers. Specifically, DryShips has agreed to:






-- Enter its 2004 built 73,601 dwt Panamax bulk carrier MV Padre into a
time charter for a period of about 12 months at a daily rate of $81,000.
The vessel is expected to commence its new charter on or about November 6,
2007.

-- Enter its 2000 built 75,706 dwt Panamax bulk carrier MV Coronado into
a time charter for a period of about 12 months at a daily rate of $81,750.
The vessel is expected to commence its new charter on or about November 2,
2007.

-- Enter its 1998 built 72,495 dwt Panamax bulk carrier MV Primera into a
time charter for a period of about 12 months at a daily rate of $78,600.
The vessel commenced its new charter on October 19, 2007.

-- Enter its 1996 built 70,349 dwt Panamax bulk carrier MV Iguana into a
time charter for a period of about 12 months at a daily rate of $77,000.
The vessel is expected to commence its new charter on or about November 13,
2007.




Mr. George Economou, Chairman and CEO of DryShips Inc., commented: "The outlook for 2008 remains extremely attractive with limited new vessel capacity being added and Chinese demand projected to remain strong. We remain committed to implementing our chartering philosophy. By having the majority of the Company's vessels operating in the spot market we are able to take advantage of market opportunities as they arise. With the recent fixtures that represent about 5% of the total Panamax equivalent operating days of the DryShips fleet in 2008, we have locked-in about $79 million of EBITDA for 2008."

About DryShips

DryShips Inc. is an international provider of drybulk cargo marine transportation services. Headquartered in Athens, Greece, DryShips currently owns and operates a fleet of 44 drybulk carriers comprising 5 Capesize, 29 Panamax, 2 Handymax and 8 newbuilding drybulk vessels, with a combined deadweight tonnage of approximately 4 million tons.

DryShips Inc.'s common stock is listed on NASDAQ Global Market where it trades under the symbol "DRYS."

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although DryShips Inc. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, DryShips Inc. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by DryShips Inc., with the U.S. Securities and Exchange Commission.

Visit our website at www.dryships.com



Contact:
Email: management@dryships.com

Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc., New York
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com



--------------------------------------------------------------------------------
Source: DryShips Inc.
post #216 of 5466
Didn't these ships have a day rate of $30,000-$50,000 the last time out. Thats quite a jump in day rates for these 4 ships. Unless i was reading wrong.
post #217 of 5466
And the World's Scariest Stock Is ...

By John Reeves October 31, 2007
Fool.com

And the scariest stock in the world is ... not Crocs (Nasdaq: CROX).

Crocs was rated only the third-scariest stock in our Scariest Stock in the World contest. The scariest wasn't Select Comfort (Nasdaq: SCSS), either -- it picked up the silver.

No, our readers determined that DryShips (Nasdaq: DRYS) was the scariest in the world.

Before the defenders of those companies place my head on a pike, I'd like to emphasize that scary doesn't necessarily mean bad. Many of the companies in our contest -- Google (Nasdaq: GOOG), Blue Nile (Nasdaq: NILE), and Amazon.com (Nasdaq: AMZN) among them -- are outstanding businesses, but they may also be dangerously overvalued.

In Amazon's case, some investors might brush off its trailing price-to-earnings ratio of more than 100, or the 12% plunge in its share price just more than a week ago. Other folks might be understandably and justifiably, um, scared.

To further illustrate that point, our scariest stock, DryShips, actually declined by 18% yesterday alone. While dramatic losses like that are a part of investing, they're unsettling all the same.

As Rich Smith noted in his discussion of DryShips for this contest, some of the best investors at the Fool appear to have called this one seriously wrong. Analysts like Bill Mann and TMFEldrehad have expressed reservations about the company's management, only to see its share price continue its stratospheric rise. Many others -- like Rich and myself -- have rated DryShips to "underperform" on Motley Fool CAPS, and have seen our overall CAPS scores suffer as a result. So far -- as many of the commentators on Rich's original article were quick to point out -- much of the Fool's coverage on DryShips has quite literally missed the boat.

So far. Often, inflated stocks and inflated markets catch investors by surprise. It's only after the plunge off the cliff that the valuation concerns become apparent. This happened during the tech boom with stocks like Sun Microsystems (Nasdaq: JAVA), and it's happening right now on an epic scale, with companies overexposed to the current subprime crisis. It may well never happen with any of the stocks in our contest, but investors would be wise to be extra-cautious before buying companies with sky-high valuations.

When you're out there trick-or-treating this year, on your street or Wall Street, exercise caution -- you never know what might be lurking in the shadows. It can be scary out there. Happy Halloween!
post #218 of 5466
Thread Starter 
I don't understand why Motley Fool has such a vendatta (? spelling) against DRYS.

I guess that since they put out a negative article against the company at least once a month, that they would eventually get one right.
post #219 of 5466
Thread Starter 
Quote:
Originally Posted by footstock View Post
Didn't these ships have a day rate of $30,000-$50,000 the last time out. Thats quite a jump in day rates for these 4 ships. Unless i was reading wrong.
I can't remeber, but he can do this with all his ships. Locking in around 1.1 billion in profit for the next year. (est. 40 ships at avg. of 80,000/day)

That's not that bad, imo.
post #220 of 5466
You get 40 ships doing $80K per day, after a while that adds up to real money.
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