* Reduces sale price of M/V Paragon to $30.8 mln (half or original price)
* To recognize $2.4 mln gain on sale in Q1 2009
* Settles dispute with the buyers of M/V La Jolla
* Commences arbitration against Samsun Logix
It's rocky times for everyone, not just bulk shipping carriers, but I would bet this news is just the tip of the iceberg.
Also, I just realized, they make no mention of their ship, M/V Saldanha, which was hi-jacked by pirates.
Humm, that makes me wonder if they are trying to "throw us off the scent".
DRYS stock closed at 2.79 today, which is a 5 year low, if not an all time low.
And, to any of you thinking about buying this stock because it's so cheap.
Don't.
No comments:
Post a Comment