Here's Why DryShips Inc. Plunged a Stunning 99.9% in 2017 [The Motley Fool]
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: The Motley Fool
An insurmountable wave of dilution washed over this shipping stock last year. Matthew DiLallo ( TMFmd19 ) Jan 8, 2018 at 10:00AM What happened Last year was an absolute disaster for investors in DryShips Inc. ( NASDAQ:DRYS ) . While the dry bulk shipping company staved off bankruptcy, that still didn't stop the stock from shedding nearly its entire value last year. Here's a look back at why shares plunged so deeply in 2017. So what DryShips entered 2017 with a sense of optimism after securing a comprehensive strategic repositioning transaction with its founder at the end of 2016. That deal provided the company with the credit it needed to fund operations as well as begin rebuilding its fleet, which asset sales decimated in previous few years after the company unloaded ships to pay down debt. Image source: Getty Images. However, instead
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