02-11-2009, 09:59 AM
He is just a bulk owner so the chances of bankrupt will depend on who he has the ships rented out to. If Econemau (sp) has 20 of them rented out to a big player who goes bust and all dryships has to pick up the operating costs of 20 vessels in a market where they are hardly employable, they will be in trouble.
But he has also diversified into offshore drilling which is probably more stable.
I'd say if it goes really low it might be a good gamble stock, i'd considering buying a few grand sub 5 for shits and giggles, but it would have to be money I am willing to loose.
But he has also diversified into offshore drilling which is probably more stable.
I'd say if it goes really low it might be a good gamble stock, i'd considering buying a few grand sub 5 for shits and giggles, but it would have to be money I am willing to loose.