Using some funds from exit of Dryships
Note BDI down again this morning
I now contend that the negative effect of the dilution is likely to drive the stock lower once again. Re-entering around the high $2 level isn’t out of the question – but I wouldn’t be holding here and I certainly wouldn’t be buying here.
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|Open||8.17||P/E Ratio (TTM)||—|
|Last Bid/Size||8.19 / 1213||EPS (TTM)||-0.15|
|Last Ask/Size||8.20 / 739||Next Earnings||23 Jan 2014|
|Average Volume||18,951,313||Dividend Yield||0.00%|
|Day High||8.19||Ex-Dividend Date||—|
|Day Low||8.12||Shares Outstanding||3.7B|
|52 Week High||8.19||# of Floating Shares||3743.333M|
|52 Week Low||3.02||Short Interest as % of Float||0.65%|