What do you think about DRYS?

W

will848

They're a cargo/transportations company. Today news said they settled 75% of their debt.

It's very speculative but at these lows I'm thinking buy. Credit will return someday (and that's what's holding these guys down currently... no credit, no one imports/exports). Trade will resume no matter what. Any insight?
 
I took a look at DRYS also. I like the management. But I backed off not from debt but cash flow. The way shipping rates have been cut this industry is in a big cash crunch. I would wait on this one.
 
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