DryShips Inc. proves once again why it is the 3rd worst performing stock Y-T-D of the 42 shipping stocks I follow. They are cancelling a new build Capesize vessel that had a contract price of $114 million and it is costing DryShips $42.8 million in penalties and lost deposits. That is a pretty hefty price tag for poor planning.
DryShips cancels upcoming ship order
dryspr060309.pdf (application/pdf Object).
DryShips Inc. proves once again why it is the 3rd worst performing stock Y-T-D of the 42 shipping stocks I follow. They are cancelling a new build Capesize vessel that had a contract price of $114 million and it is costing DryShips $42.8 million in penalties and lost deposits. That is a pretty hefty price tag for poor planning.