/biz/ - Business & Finance

>>3816261
I know ALOT about the shipping sector.

Thats why i know to stay away from DRYS.

A few years ago shipping companies overloaded their books with ships, they then had way to big of supply of ships which caused the rate for ships to go down due to the huge supply BDI sunk due to a surplus of available ships.

Banks stopped loaning money to shippers because of the ugly situation they got themselfs into with the global shipping market.

Since they can't get money from banks for new ships that are depreciating they need to get money from other sources.. bring in the toxic financers. The way alot of shippers get their money is buy screwing over common shareholders to fund their asset purchases, thats why most shippers go through reverse splits because they only way they can get a good amount of money is through toxic financing because banks aren't dealing with them DRYS is the worst along with TOPS sure they may have pop here and there but its best to swing a uptrend then to try and catch a small spike made by a short squeeze.

NMM is a much better position to sleep well at night and get gains, made over $5,000 trading in and out of it. it doesn't dilute like the rest of the shippers and they've done ALOT more than DRYS to restructure their balance sheet and no major debt due till 2021

NMM is a much better buy

now kys