Friday, April 9, 2010

DryShips (Nasdaq:DRYS) Rumors Drive Share Price Up

DryShips For Sale or Some of its Assets?

DryShips (Nasdaq:DRYS) has had some rumors swirling around them over the last month or so, and today the latest one is they have hired bankers to look out for some strategic alternatives, which says a lot but nothing, when you think about it.

It's hard to tell if this latest rumor has been planted or just some imaginative mind trying to think up where the company is going, and it is now making the rounds.

So with absolutely nothing but a rumor that has no flesh to it at all, the stock has risen by almost 4 percent, although that's highly unlikely to hold unless something comes from the rumors which has some important legs to it.

Much of the rumor talk is about whether the company could be for sale (as in last month's rumor), or it could be possibly ready to sell some of its assets.

This is one I'm going to sit out, as there is simply nothing more that gossip at this time.

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