nalyst Research Report Snapshot
title: DryShips has a current Overall Rating of C (Neutral).
price: £13.00
provider: PriceTarget Research, Inc.
file info: Available for Immediate Downloaddate: 21 Sep 2009 pages: 7 type: AcrobatPDF
companies referenced: DRYS.OQ
summary: DryShips has a current Overall Rating of C (Neutral). Appreciation potential (84) is very high; Power Rating (1) is very low. Relative to the S&P 500 Composite, DryShips Inc has both Growth and Value characteristics -- its appeal is likely to be to Capital Gain-oriented investors. DRYS is of low investment quality. DryShips' current technical position is mixed. DryShips' Power Rating is 1. DRYS's earnings estimates have fallen very significantly in recent months. Estimates for December, 2009 fell -8.2% this month; for December, 2010 they fell -3.4%. DryShips' Deep Sea Foreign Transportation - Freight comparison group is currently in an unfavorable position. DryShips' return on equity has eroded very significantly since 2003 accelerating very sharply after the 2007 level. DryShips' historical income statement growth has been lower than balance sheet growth. Revenue growth has fallen short of asset growth; earnings growth has fallen short of equity growth. DryShips' current Price Target is $15 (-32% from the 2008 Target of $21 but +100% from the 09/18/09 price of $7.27). This dramatic fall in the Target is the result of a -25% decrease in the equity base and a +0% change in the price/equity multiple.