Comments on Fund My Mutual Fund: Dry Bulk Shippers - Time to Get Back In?

yah, you don't have to tell me, I rode it from ~$3...

2008-02-11T10:49:00.000-05:00

yah, you don't have to tell me, I rode it from ~$30 to ~$65, then spread it at $100...but I'm done with the stock because he's unpredictable, and does thinks that make it look like he doesn't have shareholders best interest in mind.

Good luck...

Funny - the stock went up 120 points from that 200...

2008-02-11T10:41:00.000-05:00

Funny - the stock went up 120 points from that 2005 article.

On the Forbes article in the last sentence was an interesting comment basically saying "well this is how business has been done for a long time over there and just because they are public that won't change".

http://www.weedenco.com/welling/archive/sb/v07i04s...

2008-02-11T09:40:00.000-05:00

http://www.weedenco.com/welling/archive/sb/v07i04sblogo.asp

here is a newer article on the guyhttp://www.forbe...

2008-02-11T09:00:00.000-05:00

here is a newer article on the guy

http://www.forbes.com/free_forbes/2008/0225/095.html?partner=yahoomag

eclectic.... or genius?! lol

PhosChem Announces 1 Millon Metric Tonne DAP Contr...

2008-02-11T08:38:00.000-05:00

PhosChem Announces 1 Millon Metric Tonne DAP Contract With India
Monday February 11, 7:00 am ET

LINCOLNSHIRE, Ill., Feb. 11 /PRNewswire-FirstCall/ -- Phosphate Chemicals Export Association, Inc. (PhosChem) has reached an agreement to supply one million metric tonnes of diammonium phosphate (DAP) to a key Indian customer during the next 13 months. Under the terms of this new contract, the price will be indexed to market pricing. Shipments will occur during the period of March 2008 through March 2009.

1,000,000 x 800/ton = $800,000,000

good for MOS & POT and the dry shippers

I'm pretty sure if you do a little digging around,...

2008-02-11T02:05:00.000-05:00

I'm pretty sure if you do a little digging around, specifically with respect to George Economou, you won't want to touch DRYS. I don't know any FACTS, so I don't want to repeat anything, I'm just saying read up on the guy.

Also, I haven't read anything in the media in the last 3 months with respect to DRYS or Mr. Economou, so maybe his past has already been cleared up (or exposed).

Then again, of course it could go to $200, and I'd be the idiot...now I know you barely know me, so it's worth showing you, I did advise Adam Warner, against selling puts when the stock hit $126:

http://adamsoptions.blogspot.com/2007/10/dry-ship-to-shore.html
(see vague comments there too)

good luck,
Jeff M
http://blog.bluemoat.com

Yep, I saw that. Sort of a strange move, but I th...

2008-02-11T00:48:00.000-05:00

Yep, I saw that. Sort of a strange move, but I think it affects them over the longer run more than the near term. Still predominantly dry bulk for foreseeable future. Just a matter of timeframe. I won't be in these names for "years" as I believe we'll have a glut of ships sometime in the coming few years but ship building also has a lot of bottlenecks. Bottlenecks the world over.

I'd stay away from DryShips. I was trading it last...

2008-02-10T23:54:00.000-05:00

I'd stay away from DryShips. I was trading it last winter before the CEO came out and said they were investing in an offshore oil drilling company. It is no longer a true pure play to the BDI and spot rates as he has proven he is willing to spend money elsewhere. The reaction to that adjustment in their company was viewed as extremely negative by analysts. If you match the announcement date to the chart the price action should reflect that.