BLProdigy
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Brian Lynch$0.77Cranbury, NJ 5/14/08 $1,064,236.18 |
13 02/27/09 7.3% 6.4% |
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Posted 5/4/2009, 6:30 pm
It's Coming Back!!! 105 is probably too drastic, but 20 might not be...
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Posted 1/20/2009, 9:55 am
eh why has the earnings incresed then??
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Posted 1/16/2009, 8:36 pm
Very unrealistic target.
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Posted 1/16/2009, 10:58 am
Sorry, shipping rates implied by Baltic Dry Index: http://www.investmenttools.com
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Posted 1/16/2009, 10:57 am
While it is true that DRYS owns a fleet of ships and is currently
trading at about 2/3 tangible book value, their earning power has
nearly disappeared. What they charge for shipping is down 90% since
the Summer, making shipping barely profitable. Looking at the
income statement, their revenue is apx. 330M and COGS is 52M. If
their revenue goes down by 90% they will swing to a loss.
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