What DryShips Inc. Management Doesn't Want Shareholders to Focus On [The Motley Fool]
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: The Motley Fool
The diversified shipping company is covering up its dilution so fast that it's becoming mpossible for most investors to keep track. DryShips ' ( NASDAQ:DRYS ) primary focus this year has been on rebuilding its decimated fleet. Because of that, when the shipping company reported its first-quarter results last month, it centered the attention on the value of its expanding fleet instead of the fact that it continues to hemorrhage cash . One thing the company clearly doesn't want investors to focus on is the amount of dilution it has unleashed to finance its expansion plan. That's because, with every reverse split, it gets harder for most investors to keep track, and the numbers appear to be getting better. What goes down just seems to bubble right back up Take the company's latest 1-for-5 reverse split, which will reduce the outstanding share count from 24 million to around 4.8 million. That split would seem to be eliminating a meaningful slug of shares, which shou
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