3SOF

BUSINESS SUMMARY  
DryShips, Inc. engages in the ownership and operation of dry bulk carrier vessels worldwide on various trade routes carrying cargoes for a range of industries. The company provides international seaborne transportation services, carrying various cargoes, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. DryShips owns a fleet of 27 drybulk vessels consisting of 4 Capesize, 21 Panamax, and 2 Handymax vessels, with a combined deadweight tonnage of approximately 2.3 million. DryShips' vessels are managed by an affiliated Liberian company, Cardiff, with offices in Greece. The company was founded in 2004 and is based in Athens, Greece.

DRYS is Rocking good up 4.50% so far

we got good volume on DRYS today

Hey guys,

I have been researching and keeping an eye on this company: "DryShips Inc"
Ticker Symbol: DRYS

Check out the estimate revisions:
http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Page=ConsensusEPSTrend&Symbol=DRYS


"Shares of DryShips Up on Report
Monday April 30, 1:58 pm ET 
Shares of DryShips Rally After an Analyst Report Reveals Unusually Strong Charter Rates


NEW YORK (AP) -- Shares of DryShips Inc., which owns and operates a fleet of dry bulk tankers, traded higher on Monday after an analyst at Jefferies & Co. reiterated his "Buy" rating on the company and called it a top pick.
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Shares of Athens, Greece-based DryShips rose $2.13, or 6.3 percent, to $35.82 in afternoon trading on the Nasdaq Stock Market. earlier in the session, the stock trade to a 52-week high of $36.05, or 7 percent ahead of its previous close at $33.69. So far this year, the stock has gained 87 percent.

Douglas J. Mavrinac at Jefferies reiterated his "Buy" rating on the company and raised his price target from $32 to $50, which implies an upside of 48 percent.

The analyst cited port congestion that continues to support strong charter rates at a time when seasonal softness should begin emerging. He also noted demand supported by growth in iron ore production and imports of coal by China.

Mavrinac expects industry fleet growth to slow in the second half of this year and next year.

"We continue to believe DryShips is one of the best positioned dry bulk shipping companies under coverage by operating the majority of the its fleet in the attractive dry bulk shipping spot market," Mavrinac wrote in a note to clients on Monday.

Mavrinac estimated that some sizes of dry bulk carrier on the spot market, which would exclude vessels under long-term contract, commanded $66,000 per day, or $10,000 more than previously forecast, during the first quarter."

And if you are still not convinced:

"Zacks Commentary: Value   
DryShips, Inc.
By Jim Licato
Apr 26, 2007

Consensus earnings estimates have been on the rise for DryShips, Inc. (DRYS). In early April, the Board of Directors declared a quarterly cash dividend of 20 cents per share, its eighth consecutive quarterly cash dividend. This Zacks #1 Rank stock has a price-to-book ratio of 2.5, compared to 4.5 for the market. Its return on equity more than doubles that of the industry average—21% compared to 8%.
Full Analysis

DryShips, Inc. engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various dry bulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers and steel products.

On Feb 28, DRYS reported fourth-quarter profits of 77 cents per share, beating the Street's estimate by two cents. Revenues rose 28.2% to $79.1 million from $61.7 million during the prior-year period.

Chairman and CEO George Economou stated, "We are delighted to report another successful year since our company's listing in February 2005. DryShips has kept its promise and has executed on its stated strategy of growing and renewing its fleet."

On Apr 17, DRYS stated it will purchase three bulk carriers for $49 million each. The company's fleet will stand at 36 after the transactions, with an average age of just 8.6 years. The age of the industry average fleet is currently 12.6 years.

While the consensus earnings estimate for this quarter has remained flat over the past 30 days at 88 cents per share, estimates for next quarter have jumped 30.8% to $1.02. Profit forecasts for this year are up 19.5% to $4.41 over the past month, while estimates for next year have risen 12.7% to $4.54. Both of the covering analysts submitted upward revisions for this year and next.

The Board of Directors recently declared a quarterly cash dividend of 20 cents per common share. The dividend is payable on Apr 30 to stockholders of record as of Apr 16. The payment represented the company's eighth consecutive quarterly cash dividend. DRYS has a current dividend yield of 2.65%.

DRYS is currently trading at a valuation of 6.9x current fiscal-year estimated earnings and at 6.7x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 16.0x current fiscal-year estimated earnings and at 15.0x next fiscal-year estimated earnings. The company has a price-to-book ratio of 2.5, compared to 4.5 for the market.

The company's return on equity more than doubles that of the industry average—21% compared to 8%."

http://www.zacks.com/newsroom/commentary/?id=4844



Please let me know what you think?

Wxmang

"DRYS" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                
All history on a stock pick in 1 thread is awesome.                                                   
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                         
Thank You....and good luck with all your trades....make some $$$                

Will do next time
Sorry about that 

Wxmang

All the shipping firms are very strong buys: DRYS, EXM, TBSI, GNK, NM... You name them. The whole shipping industry will have a couple of good years. Baltic Dry keeps hitting new highs everyday.

Ram

What a day fro DRYS!
Guys, please check the fundamentals on this company.
Let me know what you think.

http://finance.yahoo.com/q/bc?s=DRYS&t=1d

I just love these shipping stocks. One day DRYS is down, EXM and TBSI are hitting new highs. Then another day EXM is down and DRYS hits another new high.

Tomorrow is a key day with TBSI's earnings out.

Ram

TBSI 2007 1Q ex-items EPS is 54 cents, beating the estimate by 14 cents. It's trading some 3% higher after hours.

I consider it good news for the shipping stocks.

Ram

DRYS should be hitting a record high today if the COMP doesn't bleed further.

Ramlau, you were the only one that listened about DRYS 
Almost made 25% in two weeks
Taking a nice profit right here and now!

Wxmang

DRYS just keeps on climbing. Had a great run last week. Put this together with these headlines, one might begin to understand why shipping is looking up so nicely : 

Bush Administration Quietly Plans NAFTA Super Highway
http://www.humanevents.com/article.php?id=15497
Be sure to click on the map for much more information.

NM also moving along nicely in the same boat

update:
DryShips is enjoying a stratospheric rise over the past year. However, despite the runup, the chart is still friendly. Recent consolidation has alleviated the overbought condition and the stock is at support right now. Earnings estimates have soared over the past 90 days. This year's estimates have risen $2.33 to $7.22 per share. Analysts predict another 34.6% growth in earnings next year.

Full Analysis

DryShips, Inc. (DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products. As of August 6, 2007, it owned and operated a fleet of 35 drybulk carriers comprising 5 Capesize, 27 Panamax, 1 Handymax, and 2 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 3 million.

Drybulk charter rates are soaring and are expected to stay elevated for the near-term. Bear Stearns analyst Scott Burk said the booming Chinese economy driving unprecedented demand for iron ore and coal, coupled with port congestion in Asia and Australia, have kept spot charter rates for drybulk vessels in recent months continually surpassing all-time highs.

The company said in late-August it swung to a profit in the second quarter, on an increase in voyage revenue and capital gains from a vessel sale. Net income rose to $110.2 million, or $1.59 per share, compared with a loss of $808,000, or 3 cents per share, in the year-ago period. Analysts expected $1.37 per share. Voyage revenue rose to $112.5 million from $54.5 million.

George Economou, the Company's Chairman and Chief Executive Officer of DryShips Inc., commented: "We are pleased to report a second consecutive quarter with record EBITDA. We remain committed to implementing our previously stated chartering philosophy and to position more vessels to trade in the spot market on a voyage by voyage basis as the vessels are coming off previously concluded short-term charters. As of today, 52% of our fleet operating days for the remainder of 2007 remain unfixed."

The stock has been on a meteoric ride up this year. The chart here only covers the past six months, yet the gains are mind boggling. Is it too late to get in? The chart says no. The stock is at recent support levels and should prove a good time to get in. The moving averages are all supporting the stock. It was overbought, but the recent consolidation has alleviated that problem.

I am so bullish on this stock/company....I am still just as bullish on this stock as if it was still at $10