Again we come back to one of our best penny stock picks from 2010 OceanFreight Inc. (Nasdaq: OCNF), a dry bulk shipping company whose shares were just $0.48 in May, 2010. OCNF was acquired by DryShips Inc. (Nasdaq: DRYS) in July of 2011 for $19.85 per share. Why is that pertinent? Because on Tuesday, almost every small cap shipping company had coverage initiated by ...
After having posted on DryShips (Nasdaq: DRYS) about their stock being undervalued at $3.00, another dry bulk shipper from Greece, FreeSeas Inc. (Nasdaq:FREE), who received its deficiency letter from NASDAQ last month informing the penny stock that, because FREE has not maintained a minimum Market Value of ...
Face it: Like Greece, Dry Shipping is in the toilet. Due to overcapacity and demand concerns, the shipping industry and the company stock prices have taken massive hits over the last 12 months. However, one Greek shipper has struggled, Billion Dollar penny stock DryShips, Inc. (Nasdaq: DRYS) appears to have lured ...
Greece has been damaging the E.U for some time but Greek Shipper, DryShips, Inc. (NASDAQ: DRYS) paid all its investors a welcome jump yesterday. Even though DryShips spun off Ocean Rig as a stand-alone company, it still owns the majority of the driller.
That means that good news for Ocean Rig is good news for DryShips.
DryShips is simply where the action is at. The stock has been ...
Continue Reading →