DryShips Inc

DryShips Inc. (NASDAQ:DRYS)

About DryShips Inc. (NASDAQ:DRYS) DryShips Inc. is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes worldwide through the ownership and operation of the drybulk carrier vessels and deepwater drilling rig services through the ownership of ultra-deep water drilling rigs. As of April 6, 2010, the Company owned, through its subsidiaries, a fleet of 39 drybulk carriers consisted of seven Capesize, 28 Panamax, two Supramax vessels and two Panamax newbuilding vessels, which have a combined deadweight tons of approximately 3.3 million dead weight tons. Its drybulk fleet principally carries a variety of drybulk commodities, including major bulk items, such as coal, iron ore, and grains, and minor bulk items, such as bauxite, phosphate, fertilizers and steel products. The average age of the vessels in its drybulk fleet is 8.3 years. In January 2009, the Company disposed off three Capesize newbuildings.

Statistics Symbol

DRYS

EPS:

0.24

Current Price

$4.91

Market Capitalization:

$1.45B

52 week range

$3.28 - $6.82

Beta

3.38

Avg Volume

15.86M

P/E

20.40

Financials DryShips Inc. (NASDAQ:DRYS) generated current quarterly total revenue of $225.53 million that are noticeably less than last quarter’s closing of $418.40 million. However, operating and net income have decreased that led to decreasein EPSof current quarter.

The company’s cash flow from operations has increased noticeably up to $175.64million from last quarter’s ending cash flow of $108.36 million. That is a good sign if this trend continues then the company would not face any problem to repay debts.

Total assets of company mount up to $6.03 billion as of September 30, 2010 that is about 0.09%greater than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.

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