(DRYS) DryShips Incorporated – Bear of the Day
We reiterate our Underperform recommendation on DryShips, Inc. (DRYS). The company’s fourth quarter of fiscal 2010 financial results were well below the Zacks Consensus Estimates. The drybulk shipping industry is facing serious challenges, where the vessel rate collapsed even below the rate during the recession. We believe the sole reason for this dismal condition is [...] (DRYS) DryShips Incorporated – Bear of the Day
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