I want to recommend a recent article that captures not only Dryships but an overview of the outlook for the sector.
Go to Seeking Alpha… 239 more words
Dryships Inc. (NASDAQ: DRYS) has reported its fourth quarter earnings. The drybulk and petroleum products marine transportation services provider reported a net loss of $24.4 million, or a -$0.06 loss per share, versus a loss of -$0.34 per share a year ago. 305 more words
We are watching the sector and waiting for a solid turn – in terms of
1) Shipping rates – which have retreated from BDI over 2000 to half that recently… 277 more words
January 27th, 2014 shipping Watchlist 11:30 a.m.
In short, for dry shipping stocks to justify higher levels and stop the price bleeding, the shipping rates as summarized in the Baltic Dry index needs to stop its bleeding and return moving north again. 126 more words
Sold a little less than one =half at $9.36 to preserve recent gains
New position Castle Brands ( ROX) with some of the proceeds at .79 on the basis of a turnaround
happening after years of work