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.
Showing posts with label Commodity Transportation. Show all posts
Showing posts with label Commodity Transportation. Show all posts
Friday, April 9, 2010
Wednesday, April 7, 2010
Is DryShips (NASDAQ:DRYS) Ready to Run Again?
DryShips ready to surge
For those who invested in or closely watched DryShips (NASDAQ:DRYS) in 2006 and 2007 when they went from $9 a share up to an extraordinary $130 a share in a short two-year period, may want to watch the company again, as they're signaling the possibility of another run, although highly unlikely like the one in the past.
One uncertainty either way is how the recent iron ore deal, where the iron ore industry changed from an annual to a quarterly contract, will affect DryShips and other transporters, especially in relationship to the spot price.
Another unknown is how the company share price will respond now that they've worked hard to build a foundation which seems to be fixed between $4.50 and $6.50 a share.
From there investors should be able to guage a little better than the past how the stock will perform, and what strategy they want to employ going forward.
For those who invested in or closely watched DryShips (NASDAQ:DRYS) in 2006 and 2007 when they went from $9 a share up to an extraordinary $130 a share in a short two-year period, may want to watch the company again, as they're signaling the possibility of another run, although highly unlikely like the one in the past.
One uncertainty either way is how the recent iron ore deal, where the iron ore industry changed from an annual to a quarterly contract, will affect DryShips and other transporters, especially in relationship to the spot price.
Another unknown is how the company share price will respond now that they've worked hard to build a foundation which seems to be fixed between $4.50 and $6.50 a share.
From there investors should be able to guage a little better than the past how the stock will perform, and what strategy they want to employ going forward.
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