DALLAS, March 15, 2010 (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 full report 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. DRYS employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Its subsidiaries include Ocean Rig ASA, DrillShips Investment Inc. and Primelead Shareholders Inc.
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In the report, the analyst notes:
"The Company recorded net income of $1.4 million, or $0.01 basic and diluted loss per share for the three-month period ended December 31, 2009, as compared to a net loss of $1.0 billion, or $18.42 basic and diluted loss per share for the three-month period ended December 31, 2008. EBITDA was $75.9 million for the fourth quarter of 2009 as compared to negative $932.2 million for the same period in 2008.
"DRYS's aim to build its offshore energy-exploration business into a stand-alone company may face some new challenges. The Company has pinned many of its ambitions for growth on these energy-exploration vessels, known as 'drillships.'"
To read the entire report visit: http://www.beaconequity.com/i/DRYS
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