DALLAS, Aug. 2, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring DryShips Inc. (Nasdaq:DRYS). The report includes financial, comparative and investment analyses and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/DRYS
DRYS's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, DRYS is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
DryShips Inc. (DRYS) owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax, and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company's drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products. DRYS employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Its subsidiaries include Ocean Rig ASA, DrillShips Investment Inc. and Primelead Shareholders Inc.
Message Board Search for DRYS: http://www.boardcentral.com/boards/DRYS
In the report, the analyst notes:
"For the second quarter of 2010, the Company reported net income of $8.7 million, or $0.02 basic and diluted earnings per share. Included in the second quarter 2010 results are various items, totaling $71.7 million, or $0.28 per share which are described below. Excluding these items, net income amounted to $80.4 million or $0.30 per share.
"DRYS has struggled to find charter contracts for at least two of the four brand new drillships that it's set to take delivery of this year and next. Without inking agreements to hire out those vessels, the Company likely won't be able to find the $1 billion in financing it still needs to pay for the new buildings. However, recent industry rumors have indicated that DRYS may issue high-yield bonds in order to raise at least some of the money."
To read the entire report visit: http://www.microstockprofit.com/lp/DRYS
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