Tag Archives: DRYS
Dryships reports quarterly earnings
http://www.capitallink.com/ppress/ppressfile
Dryships, Inc. DRYS reported quarterly earnings a couple of days ago and this one-time high flyer continues to struggle with revenues and earnings. 2nd quarter earnings net of one-time items were 25¢ per share compared to $6.95 a year earlier. Total earnings fell to $52.8 million from just under $300 million. This is a 82% [...]
Shipping Stocks Returns – Mid-year 2009
What fun! The first 6 months of 2009 are behind us and the stock market rallied strongly in the 2nd quarter. Also, we have the new maritime indices from Capital Link Shipping to compare against the results of my stock tracking.
I am going to put the numbers up and you can decide what is important. [...]
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 [...]
Dryships reports large loss for the quarter
drys043009.pdf (application/pdf Object).
Linked above is the press release for the quarterly earning of DryShips Inc. DRYS. DryShips is probably the most followed and visible of the stocks in the dry bulk shipping sector.
For the quarter DRYS posted a loss of 93¢ per share vs. a gain of $4.58 a year earlier. Pushing the quarter into [...]
Suspended dividend shipping company list
I have received an email requesting a list of shipping companies that have suspended or slashed their dividends. I have been tracking the shipping stocks I know of using Google Portfolios and have kept a sub-portfolio of the companies which have suspended dividends. This list is compiled from my own reading and research so any [...]
Shipping Stocks Performance Year-to-Date
It is (almost) the end of the first quarter of 2009 so I thought I would put up a little data on how the shipping stocks I track have fared. I keep a Google portfolio that has been tracking the values of 42 shipping stocks on an equal dollar weighted average since January 1, 2009. [...]
Dryships posts huge loss
dryspr032409.pdf (application/pdf Object).
The link above is the 4th quarter and year end financial results for Dryships Inc. DRYS. For the 4th quarter DRYS has reported a loss of $18.42 per share and a negative $8.11 for the full year. During the g0-go days of dry shipping I considered Dryships to be overly aggressive, overly leveraged [...]
The suspended dividend list
When I started putting together a list of shipping stocks for this blog I decided to have sub-lists related to the sub-sectors in the industry. Another thought was to separate out the dividend paying stocks, since that tends to be a major attraction in the shipping space. That genius idea led to the formation of [...]
DryShips plunges as it may breach debt terms
GNK’s move last week to change its loan covenants look like a pretty good move. The market may hammer the whole sector, so keep an eye on your favorites. DRYS
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Dry Ships struggles with earnings