written by reader Stock value

By stockreview, January 17, 2017

Have 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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