DryShips Inc. (more DRYS charts) is a global shipping transportation company specializing in the transportation of dry bulk cargo. Their executive offices are located in Amaroussion, Greece. They are listed on the Nasdaq Exchange (since February 2005) under the symbol "DRYS." Their website says their fleet carrying capacity totals over 4 million dead weight tons.
Well known market timer, Don Wolanchuk, likes Dry Ships (DRYS on the NASDAQ exchange) as a high octane (high risk) stock to take advantage of a bull market rally he expects.
Well known market timer, Don Wolanchuk, likes Dry Ships (DRYS on the NASDAQ exchange) as a high octane (high risk) stock to take advantage of a bull market rally he expects.
Don's recent comments about DRYS:- Feb. 2: @ ~$5 thats one very boolish looking chart....3 gap play on the decline 2 eh...........thanks
- Feb 4, 2009 @~ $7: lookin at the chart im thinkin 15 to 20 will be here this month.....
Yahoo! Valuation Numbers for DRYS:
DryShips Inc. (NMS: DRYS)
$6.49 
0.67 (9.36%) 1:33pm EThelp
| Last Trade: | 6.57 |
| Trade Time: | 1:19PM ET |
| Change: | 0.59 (8.24%) |
| Prev Close: | 7.16 |
| Open: | 7.38 |
| Bid: | 6.56 x 5800 |
| Ask: | 6.57 x 4700 |
| 1y Target Est: | 22.57 |
Day's Range: | 6.15 - 7.38 |
| 52wk Range: | 3.04 - 116.43 |
| Volume: | 21,314,552 |
| Avg Vol (3m): | 19,373,800 |
| Market Cap: | 286.11M |
| P/E (ttm): | 0.31 |
| EPS (ttm): | 21.23 |
| Div & Yield: | 0.80 (13.10%) |
Beware, analysts have much lower estimates for next year. The current PE of 0.31 will rise to a PE of 5.3 if the most bearish earnings estimate for 2009 at $1.23 holds true.
| Analyst Estimates |
| Earnings Est | Current Year Dec-08 | Next Year Dec-09 |
| Avg. Estimate | 11.45 | 3.52 |
| No. of Analysts | 5 | 9 |
| Low Estimate | 10.90 | 1.23 |
| High Estimate | 11.95 | 6.54 |
| Year Ago EPS | 9.54 | 11.45 |
Note the high debt level, again from Yahoo! finance. Total debt of $2.9B greatly exceeds market cap of $286M. The bears may be betting that idle, empty ships during a global recession will make it tough for DRYS to make loan payments.
| Balance Sheet | |
| Total Cash (mrq): | 328.98M |
| Total Cash Per Share (mrq): | 7.554 |
| Total Debt (mrq): | 2.90B |
| Total Debt/Equity (mrq): | 1.356 |
| Current Ratio (mrq): | 0.716 |
| Book Value Per Share (mrq): | 49.091 |
Disclosures: None. I currently have no positions in DRYS in my personal, "Kirk Lindstrom's Investment Letter" or "The Retirement Advisor" portfolios.
"Kirk Lindstrom's Investment Letter" covers the "core and explore" approach to investing. Its portfolios are suitable for moderate to aggressive investors. FREE SAMPLE.
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 94% vs. S&P500 DOWN 14% vs. NASDAQ down 28% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 37% (All through 12/31/08) (More Info)
"The Retirement Advisor" (FREE SAMPLE) portfolios are suitable for conservative investors approaching or in retirement.
"Kirk Lindstrom's Investment Letter" covers the "core and explore" approach to investing. Its portfolios are suitable for moderate to aggressive investors. FREE SAMPLE.
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 94% vs. S&P500 DOWN 14% vs. NASDAQ down 28% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 37% (All through 12/31/08) (More Info)
"The Retirement Advisor" (FREE SAMPLE) portfolios are suitable for conservative investors approaching or in retirement.
Posts
kirklindstrom.com
