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DALLAS, Nov. 24, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring DryShips Inc. (Nasdaq:DRYS). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on DryShips Inc. (Nasdaq:DRYS) should be of particular interest to other bulk shipping companies: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Excel Maritime Carriers Ltd. (NYSE:EXM) and Genco Shipping & Trading Ltd. (NYSE:GNK).
It is available at: http://www.beaconequity.com/i/DRYS
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DryShips Inc. (DRYS) owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax, and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company's drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products.
Message Board Search for DRYS: http://www.boardcentral.com/boards/DRYS
In the report, the analyst notes:
"DRYS last week announced an agreement to acquire two Panamax vessels for an aggregate price of $75.76m. The vessels, a 76,635 dwt Panamax built in 2007, and a 76,635 dwt Panamax built in 2006, are expected to be delivered charter-free within the first quarter of 2010. This transaction is subject to the approval of the board of directors of DRYS.
"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. Included in the third quarter 2009 results is a loss of $39.3 million or $0.15 per share associated with the valuation of the Company's interest rate swaps. Excluding this item, net income would amount to $74.9 million or $0.27 per share."
To read the entire report visit: http://www.beaconequity.com/i/DRYS
See what investors are saying about these stocks at: http://www.stockhideout.com/
BeaconEquity.com is one of the industry's largest small-cap report providers offering a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CONTACT: Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com
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