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DryShips executed eight reverse stock splits between March 2016 and July 2017, shrinking 11.76 million shares to a single share, according to Seeking Alpha. [7] Shortly before DryShips’ final reverse split, Mother Jones journalist Kevin Drum , citing figures from The Wall Street Journal , noted that DryShips investors had lost 99.99% of their ...
George Economou or Georgios Ekonomou (Γεώργιος Οικονόμου, born 1953) is a Greek billionaire shipowner, CEO of DryShips Inc. and Ocean Rig, and the owner of Cardiff Marine. Economou owns oil tankers as well as dry bulk ships and manages them through Cardiff Marine. He was on the Forbes Magazines list of the world's billionaires ...
Source: Capital IQ, a division of Standard & Poor's. DryShips has been taking on some additional debt over the past five years. When we take into account increasing total equity over the same time ...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...
Numbers can lie -- but they're the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock's true value based on the ...
Few companies are as beaten down as beleaguered dry bulk shipper DryShips (NYS: DRYS) . After its stock imploded following the recession in dipping from over $100 to single digits, the Greece ...
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of ...
Ocean Rig UDW Inc. (NASDAQ: ORIG) has announced that DryShips Inc. (NASDAQ: DRYS) will be selling a total of 5 million shares of common stock in Ocean Rig. The move will raise capital via an ...