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Support Holds As Indices Eek Out More Gains

Wed, 11 Nov 2009 22:13:25 GMT

The markets managed to eek out another gain today, although they had a rough road. Despite the early big gap-up and strong surge that took them to new 2009 highs, taking out the October highs on both indices, they reversed sharply lower, bounced and then came down and made lower lows, but only slightly, and couldn’t follow-through to the downside in mid-afternoon when they hit their session lows. Then an afternoon 3-wave rally brought them back towards intraday resistance but closed them right there.[More...]

Options Intelligence Report: Wells Fargo Put Spreaders Back In Town

Wed, 11 Nov 2009 20:24:21 GMT

Today's tickers: WFC, AMR, PG, DRYS, DTV, M, EMC, WYNN, TOL & SFD[More...]

Technicals Decidedly Negative As Indices Close Mostly Lower

Wed, 28 Oct 2009 04:01:27 GMT

The indices closed mostly lower today, with the Dow managing to keep its head above water and closing in the plus column as the only index to do so.[More...]

DryShips Beats (DRYS), Results Hurt

Tue, 27 Oct 2009 13:16:47 GMT

DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation of the company’s interest rate swaps. However, earnings were down substantially from $3.53 per share in the prior-year quarter.[More...]

Four Shippers Emerging From The Mire

Wed, 21 Oct 2009 21:20:36 GMT

After a thrilling two-week rally in the stock market during early September, shippers began to fall. They had been enjoying a nice rally on the general premise of economic recovery, market stabilization, and rising materials prices. But suddenly on September 17th, the shipper sector broke, and leading names fell - plummeted, actually, at a much faster rate than the modest pullback in the general market would have implied.[More...]

Indices Hold Support In Consolidation Session

Tue, 13 Oct 2009 22:44:56 GMT

The indices closed mostly lower today, but it was basically a consolidation day. The indices were up early, backed off immediately, stabilized, came on again, and made their session highs on the Nasdaq 100 just before lunch hour. But then they pulled back down again, ran up again, as they basically were back and forth all day.[More...]

The Baltic Dry Index: A Solid Gauge Of Global Economic Health

Tue, 13 Oct 2009 17:48:10 GMT

Funny how bulls and bears can look at exactly the same data, yet come to completely different opinions. Take the Baltic Dry Index, which measures charter rates for ships carrying bulk commodities, for example.[More...]

Profit-Taking Leads To Gentle Retracement

Fri, 11 Sep 2009 23:00:00 GMT

The indices did run into some profit-taking on Friday, but after the strong week we had it’s understandable.[More...]

Indices Claw Back Into Positive Territory With Big Snapback Rally

Thu, 27 Aug 2009 22:28:44 GMT

The markets got a lot of volatility on Thursday. They were down sharply in the morning, even breaking support, then bounced back mid-morning, and accelerated into early afternoon, before consolidating late in the session. Net on the day, the indices managed to claw their way back into positive territory.[More...]

Shipping Industry Stocks: DSX, DRYS, FRO, GNK, NAT, TNP

Fri, 21 Aug 2009 18:53:38 GMT

Perhaps there is no industry more sensitive to global economic activity than the international shipping industry. The financial crisis became a category 5 hurricane last September and blew the entire global shipping industry off course. All sectors of the shipping industry were affected – from oil tankers to dry bulk shippers to container ships. The sudden drying-up of credit, including trade finance, and collapsing trade volumes have changed the industry’s concerns completely. Only a year or so ago the concern in the shipping industry was whether the infrastructure of many countries, especially port facilities, was expanding rapidly enough to handle break-neck growth in shipping traffic volumes. As shipping rates have plunged, the concern now is whether the bottom in the shipping industry has been reached or whether there is further to go on the downside. The good news is that “green shoots” are appearing – again ships are waiting in[More...]

Capital One, GM, Dish Network are big movers

Mon, 11 May 2009 21:49:00 GMT

NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Higher prices and lower costs pushed earnings of the country's No.
2 satellite TV supplier higher, even as it lost subscribers.

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'09 Blade Stock Market Entries Favor Familiar Names

Sun, 11 Jan 2009 14:12:00 GMT

Jan. 11--IN A NORMAL YEAR, it might not make sense to pick blue chip stocks like Apple, Microsoft, or General Electric as a strategy to win The Blade's 2009 Stock Market Contest.
After all, blue chips are usually mature and don't have a lot of growth potential, said Andrew Weiner, a financial adviser at the Toledo office of Smith Barney, one of the co-sponsors of the contest that began Jan. 1.
But with the stock markets losing nearly 40 percent of their value last year and blue chips getting beaten down, blue chips might not be a bad play this year, Mr. Weiner said.

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Husband, Wife Switch First, Third Places for July

Tue, 05 Aug 2008 12:05:00 GMT

Aug. 5--First came Kramer vs. Kramer.
In an odd development in The Blade's Stock Market Game, last month's third-place contestant, Dan Stacy, has traded places with last month's leader -- his wife, Diane Stacy.
Last month's second-place contestant, Michael McHaffie, of Waterville, remains in that spot through the end of July despite the flip-flop by the Stacys, who reside in Gibsonburg.

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DryShips Announces Termination of Agreement to Acquire Two Panamax Vessels

Mon, 30 Nov 2009 20:47:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its previously announced agreement to acquire 2 Panamax vessels has been terminated.
The agreement to acquire the 2 Panamax vessels was terminated at no cost to the Company."
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

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DryShips Inc. Announces Exercise of Over-Allotment Option by Underwriter and Closes Offering of $460 Million Convertible Senior Notes

Wed, 25 Nov 2009 20:46:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, today announced that in connection with its previously-announced offering of $400 million aggregate principal amount of convertible senior notes due 2014, the underwriter has exercised in full its over-allotment option granted by the Company and has purchased an additional $60 million aggregate principal amount of convertible notes on the same terms on which the $400 million convertible were sold to the underwriter.
Deutsche Bank Securities Inc. acted as the sole book-running manager for the offering.
Concurrently with the offering of the convertible notes, the Company delivered 26.1 million shares of its common stock to Deutsche Bank AG, London Branch ("Deutsche Bank AG") pursuant to a share lending agreement.

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DryShips Announces the Acquisition of Two Panamax Vessels

Wed, 18 Nov 2009 22:47:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today an agreement to acquire two Panamax vessels for an aggregate price of $75.76m.
This transaction is subject to the approval of the Board of Directors of DryShips.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

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PicksThatMove.com Announces Investment Opinion on AMBAC Financial Group Inc., Canasia Industries Corporation, DryShips Inc., instaCare Corp. and Gold Wheaton Corporation

Wed, 18 Nov 2009 19:49:00 GMT

At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
Canasia Industries Corporation (TSX-V: CAJ), $0.16, +$0.02, 14.29%, is a Canadian based exploration company focused on aggressive pursuit of world class mineral deposits.
With gold prices at all-time highs, management is optimistic about Canasia's prospects as we continue to expand the multiple mining prospects within the Company."

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DryShips Announces It Has Signed Agreement With Deutsche Schiffsbank on Waiver Terms for $117.5 Million of Debt

Tue, 17 Nov 2009 21:47:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has signed an agreement with Deutsche Schiffsbank on waiver terms for two facilities with an aggregate of $117.5 million of its outstanding debt.
We would like to thank our banks for being extremely supportive of the company.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.

[More...]

DryShips Inc. Announces $300 Million Convertible Senior Notes Offering

Tue, 17 Nov 2009 20:46:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, today announced that it has commenced a public offering of $300 million aggregate principal amount of convertible senior notes.
Concurrently with the offering of the convertible notes, the Company intends to enter into a share lending agreement with Deutsche Bank AG, London Branch ("Deutsche Bank AG"), under which it will loan to Deutsche Bank AG shares of its common stock having a market value of approximately $150 million.
These shares will be offered in an underwritten offering registered under the Securities Act of 1933, as amended, pursuant to the Company's existing shelf registration statement in order to facilitate hedging transactions undertaken by the purchasers of the convertible notes.

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DryShips Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2009

Mon, 26 Oct 2009 20:49:00 GMT

Third Quarter 2009 Financial Highlights
For the third quarter of 2009, the Company reported a net profit of $35.6 million or $0.12 basic and diluted profit per share.
- Basic earnings per share for the third quarter of 2009 include a non-cash accrual for the cumulative dividends on the Series A Convertible Preferred Stock, amounting to $4.0 million, which reduces the income available to common shareholders (basic earnings per share is calculated as net income less accrued dividends on preferred stock divided by weighted average number of common shares outstanding).

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PicksThatMove.Com Announces Investment Opinion on DRYS, CERP, NRK, RF and DML

Tue, 20 Oct 2009 21:46:00 GMT

PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation.
DryShips Inc. (NASDAQ: DRYS), +$0.229, 3.24%, $7.99, is continuing its active trading today on no recent news developments.
After the market close on October 26, 2009, shareholders can expect the results of the company's earnings for the third quarter and nine months, ending September 30, 2009.

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DryShips Announces Appointment of Chief Financial Officer

Fri, 16 Oct 2009 13:48:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it named Ziad Nakhleh as the Company's Chief Financial Officer effective November 1, 2009.
This position was previously occupied on an interim basis by Mr. George Economou, Chairman and Chief Executive Officer.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.

[More...]

DryShips Announces It Has Signed Agreements With Nord LB and West LB on Waiver Terms for a Total of $183 Million of Debt

Tue, 13 Oct 2009 13:46:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has signed agreements with Nord LB and West LB on waiver terms for $116 million and $67 million respectively of our outstanding debt.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

[More...]