IPO and Other Stock Plays Message Board

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Strategies & Market Trends : IPO and Other Stock Plays

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To: yossarian67 who wrote (12663)	5/24/2005 2:00:18 PM
From: yossarian67	of 13331

some guy on cnbc just pumping drys, glossed over the risks. that being the spot dry bulk market and the fact those prices have dropped 40-50% from december and 20%+ alone in last 5 weeks...yes, on a trailing one year pe, it's trading 4 X's earnings or so, but those were on the biggest spike up of dry bulk prices going back as far as I can find..and those prices are way down--just irresponsible to come on and plug something and just gloss over the full picture. the thing is up $1 too since that pump...while drybulk spot down again this week and drys stock price is tied to those drybluk spot rates...and they plan on keep buying ships so they'll need drybulk spot rates to stabilize or they're in trouble period...certianly possible they do and drys is a buy here, but it was a shameless plug nonetheless.

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