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Posted on 5/16/13 at 4:11 pm to Cmlsu5618
quote:
Wasn't trying to downplay the company.
No problem. I agree shipping is probably still in the bottoming process (I base this off looking at BDI long term charts etc).
DRYS is the proverbial whipping boy in shipping. They currently have 345 million in cash on hand with 4.5 billion dollars in debt. When a stock is only $1.90 (this morning) a 12% pop isn't hard to come by.
-Morgan
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