Yes but im a little nervous with the guidance they gave a month ago. The net loss will take a nice chunk of equity. Not sure how im going to play this one.
DryShips Inc. Issues Q4 2008 Guidance Below Analysts' Estimates
Thursday, 22 Jan 2009 08:30am EST
DryShips Inc. announced that for the fourth quarter of 2008, it expects TCE revenues between $184.2-$208.7 million, net income before other items between $34.7-$39.3 million, or between $0.63-$0.71 on a per share basis and net loss between $380.6-$431.4 million, or between $6.89-$7.81 on a per share basis. According to Reuters Estimates, analysts were expecting the Company to report revenue of $225.3 million, net profit of $64.4 million and EPS of $1.28 for the fourth quarter of 2008.