A while back I started a position in Dryships Inc. (DRYS) after it pulled back. Since then it continued to go down. I’m down 14% in dryships and was planning to jump out of it on it’s next rally.
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This Greece based holding company has contracts all over the world. They ship from just about everywhere and wherever to want to go. This world is growing by leaps and bounds. In the grand global scheme of things, all dry bulk shippers should be doing well into the future. In the last earnings report season, many shippers did quite well. Dryships has beaten the analyst’ estimates for the last four quarters. I believe in the company and it’s fundamental are strong but the stock has dropped over 30% in the last three months.
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Now that oil has pulled back I do believe that their profit margin will grow.
What am I to do?
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This best thing I could think of was to do my due diligence. I did just that and found some good articles that helped me make my decision. I felt like sharing one with you, but I’m pretty sure that you guys follow this leader. If you missed it, here you go.
Investopedia – Finding True Value In Drybulk Shipping
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The position I have is in my TD Ameritrade IRA account. I do expect this stock to turn around in the next 6-12 months. At $68 I’m going to take another bite.
Tags: Investments, Stock investments, Stock trading
Go to Capital Link Shipping website for some good articles.
Note that you are displaying a photo of a containership. Dryships has dry bulk carriers, not containerships.
I agree. But, that’s the wrong kind of “boat.”
Looks like a container ship. DRYS is drybulk.
Twitter: billyakerman
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Yes I know, but it was the only picture that I could find real quick. Thanks.:)
Twitter: billyakerman
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How’s this picture guys?