What do you think about DRYS?

Discussion in 'Stocks' started by will848, Feb 26, 2009.

  1. will848


    They're a cargo/transportations company. Today news said they settled 75% of their debt.

    It's very speculative but at these lows I'm thinking buy. Credit will return someday (and that's what's holding these guys down currently... no credit, no one imports/exports). Trade will resume no matter what. Any insight?
  2. I took a look at DRYS also. I like the management. But I backed off not from debt but cash flow. The way shipping rates have been cut this industry is in a big cash crunch. I would wait on this one.
  3. showtime


    pump and dump
  4. maybe buys some Jan 10 calls or June? cheap.