stock has yet to have the moneter pop
All if its peers have had massive rallies where the stock went up as much as 20 to 60 % in a single day. Check out EGLE, PRGN. DRYS, because of no rollback on bond buying , will benefit from the 60 % ownership of ORIG which wil l be a cash cow for years.
CEO George Economou will be featured on CNBC in an interview for the first time since 2008 when the stock was over 100 plus. In previous conference calls he was decidedly pessimestic on a reversal of shipping fortunes thru 2014. Yes the BDI is rising but thats mainly attributed to stock piling of resources ( an annual trend ) before winter. If the interviewer is as skilled as yours truly, he will ask George the 64 k question .Is the BDI increase solely attributed to inventory replenishment, or are there other signals to indicate this this trendis more than that and attributed to a bottom being reached . A year ago you could buy US housing for next to nothing. Now many markets have recovered nicely. If George is bullish about 2014 and does an about face, there is no reason that DRYS cannot have a 20 to 50 % increase in a single day.