Stock valueHave been following Dryships (DRYS) for many years – lost some$, made some but mostly lost. The CEO (George) is self serving (with feeder companies owned by CEO getting fees etc). It has been decimated in recent years, when low dry bulk shipping charges fell off the cliff. In the last few months the stock has reached more than $100/sh -probably short sellers trapped. It is now back down to $1.60/sh!! Just jumped in again as they have a fleet of ’cape’ vessels on ’spot’ rates.
It is purely speculative but thought I would throw the idea.
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This stock certainly caught my attention, but from what I have read its going to stay down in the dumps for a while. possibly going below .50 cents/shr. If it gets that low I may jump into it. I think they will see a bump in July when they take acquisition of that oil tanker they put on lay away.
My comment relates to the lack of comment or Aattention to TRXC, which after an elegantly written article by Dr. KSS on why it was rejected (temporarily”) by the FDA has received no attention. The have been pursuing a European market development with a device the purchased in Italy. Comments?
$TRXC np – #ZKSS and others have commented on the equity many times since FDA’s rejection search the threads Maxroy.