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chicchara Hero

chicchara

Posted
Posted

So what

Fueling that run are two drivers. First, the company is actively working with lenders to restructure its bank credit facilities. Three of them have matured, and the company has yet to make final balloon payments, instead suspending principal and interest payments to preserve liquidity. However, the company has been actively selling off vessels to pay down its revolving credit facilities. For example, at the end of October, it announced the sale of five vessels for $29.4 million. Given the steps it is taking to address its credit facilities, there's some growing optimism in the market that DryShips can restructure in a way other than going through bankruptcy.

In addition to that, the Baltic Dry Index (BDI) has rebounded sharply in recent weeks, going from 800 in late October to more than 1,000 in the last few days. The index suggests that demand for shipping capacity has started to increase, which would be good news for DryShips because it can start charging more money for capacity on its ships. The surge in the BDI has been pronounced since the election due in part to the belief that Donald Trump's presidency might lead to better economic growth and more trade. 

 

Now what

As a deeply indebted, heavily shorted stock, DryShips is surging on some hints of optimism that it might not sink into bankruptcy. That said, the company has yet to secure a deal with lenders, and there is absolutely no guarantee that it will. Moreover, the recent spike in the BDI does not necessarily mean the price of shipping capacity will remain elevated. Because of this, DryShip's stock could continue to be quite volatile in the future until there's more certainty about both its financial situation and capacity pricing in the shipping sector.

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Rendu LEGEND

Rendu

Posted
Posted
5 minutes ago, Spartan said:

pure gamble  DRY

ivvala $75 daggara start chesa....$95 daggara vundi ippudu...

ardham kavatla.... do i have to old overnight or sell it....before EOD 

what say??....  just wanted to know your view on this ??

 

 

giphy.gif

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Spartan PRODUCER

Spartan

Posted
Posted
1 minute ago, Rendu said:

ivvala $75 daggara start chesa....$95 daggara vundi ippudu...

ardham kavatla.... do i have to old overnight or sell it....before EOD 

what say??....  just wanted to know your thoughts ??

 

 

giphy.gif

100 - 97 breach aite ammei..

bankurptcy baita padindi kaani..there is no real deal struck to move on or keep business going.

 

also enta invest chesav adi chusko..put a 1000$ profit and sell off

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Rendu LEGEND

Rendu

Posted
Posted
4 minutes ago, Spartan said:

100 - 97 breach aite ammei..

bankurptcy baita padindi kaani..there is no real deal struck to move on or keep business going.

 

also enta invest chesav adi chusko..put a 1000$ profit and sell off

ok aithe EOD lopala entha vasthe antha ammesta..... Im not too greedy...... thx vuncle.... malla repu swing ni batti chustaaa invest chesta...

BTW thanks for your suggestion

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mekapichal_mnthmkora Hero

mekapichal_mnthmkora

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Posted
19 hours ago, Spartan said:

mostly maadi february lo padtadi antunnaru..appudu malli koni pettuko.

a stock @Spartan seppu.. konta..

monna JNUG konna boka padadi.. 14 ki konna 7 ki paddadi love da.. 25k pettina

 

@Spartan @k2s tell some manchi stocks man.. to invest ...

 

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