DALLAS, July 14, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Greek drybulk shipper, DryShips Inc. (DRYS). The report includes a financial and investment analysis, comparative analysis, and pertinent industry information you need to know to make an educated investment decision.
The investment report on DryShips Inc. (Nasdaq:DRYS) should be of particular interest to other drybulk operators: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Excel Maritime Carriers Ltd. (NYSE:EXM) and Genco Shipping & Trading Ltd. (NYSE:GNK).
It is available at: http://www.beaconequity.com/i/DRYS
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DryShips Inc. owns a fleet of drybulk carriers, shipping materials and commodities around the world. In addition to its fleet of vessels, the company owns two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water drillships.
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In the report, the analyst notes:
"DRYS anticipates business to improve, as evidenced by its decision in early July to acquire the remaining 25% outstanding shares of its subsidiary Primeland. Primeland's assets of two ultra deepwater semi-submersible drilling rigs are expected to produce significant income as offshore oil drilling programs restart worldwide in response to higher oil prices.
"Two high-profile investment bankers, Credit Suisse and Cantor Fitzgerald, recently announced upgrades to DRYS. Cantor raised its rating to a 'Hold' from 'Sell,' while Credit Suisse announced its upgrade of DRYS to 'Outperform,' up two rating notches from 'Underperform,' citing higher oil prices and anticipated elevated demand for DRYS' drillships and Primeland's deepwater drilling rigs."
To read the entire report visit: http://www.beaconequity.com/i/DRYS
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