Just about the night before Christmas and I have the right to brag about the results of our commitment to the recovery in the shipping sector.
We EARN our performance fee :
DryShips also has a strong exposure to the spot market, with 20 out of its 28 Panamax vessels, its two Supramax vessels, and one out of its 12 Capesize vessels operating on a spot basis, which should aid earnings going forward if the BDI continues to climb upward as international drybulk trade demand growth seems to indicate. The company has estimated that if spot rates rise by $5,000, it will add $65.8 mill. and $79.3 mill. to its EBITDA or free cash flow generation, respectively, and the numbers rise even higher to $131.6 mill. and $158.7 mill. respectively if spot rates rise by $10,000, and to $263.2 mill. and $317.3 mill. if spot rates rise by $20,000.
We have been following the activities of leading fund managers via numerous articles on Seeking Alpha, and on our website, and have observed a strong correlation between the activities of leading fund managers and the price performance of stocks in the succeeding quarters. Hence, we view the small accumulation of DryShips shares by leading fund managers in the latest 3Q/2013 as a positive, lending further credence to our thesis that DryShips shares are in buy territory based on the projected turnaround in the BDI index and the promising prospects for its majority owned subsidiary ORIG.
|Open||3.72||P/E Ratio (TTM)||—|
|Last Bid/Size||3.92 / 30||EPS (TTM)||-0.86|
|Last Ask/Size||3.93 / 45||Next Earnings||—|
|Average Volume||9,362,839||Dividend Yield||0.00%|
|Day High||3.95||Ex-Dividend Date||—|
|Day Low||3.69||Shares Outstanding||403.8M|
|52 Week High||4.00||# of Floating Shares||347.0658M|
|52 Week Low||1.53||Short Interest as % of Float||4.17%|
- QUOTE DETAILS
|Open||9.98||P/E Ratio (TTM)||9.2x|
|Last Bid/Size||9.50 / 5||EPS (TTM)||1.08|
|Last Ask/Size||11.00 / 3||Next Earnings||17 Feb 2014|
|Average Volume||805,088||Dividend Yield||2.33%|
|Day High||10.57||Ex-Dividend Date||20 Nov 2013|
|Day Low||9.90||Shares Outstanding||83.4M|
|52 Week High||10.57||# of Floating Shares||41.96572M|
|52 Week Low||3.15||Short Interest as % of Float||1.39%|
|Open||9.24||P/E Ratio (TTM)||—|
|Last Bid/Size||9.70 / 7||EPS (TTM)||-2.13|
|Last Ask/Size||9.71 / 19||Next Earnings||10 Feb 2014|
|Average Volume||1,603,536||Dividend Yield||6.58%|
|Day High||9.83||Ex-Dividend Date||26 Nov 2013|
|Day Low||9.16||Shares Outstanding||74.2M|
|52 Week High||12.00||# of Floating Shares||71.04741M|
|52 Week Low||7.00||Short Interest as % of Float||13.24%|
|Open||13.04||P/E Ratio (TTM)||—|
|Last Bid/Size||12.62 / 6||EPS (TTM)||-57.05|
|Last Ask/Size||13.10 / 3||Next Earnings||—|
|Average Volume||282,985||Dividend Yield||0.00%|
|Day High||13.43||Ex-Dividend Date||—|
|Day Low||12.57||Shares Outstanding||29.1M|
|52 Week High||13.43||# of Floating Shares||28.41736M|
|52 Week Low||5.28||Short Interest as % of Float||0.59%|
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