Probably not the best time to enter, but picking a bottom is hard to do, however this stock is bound to rebound past current prices based solely on core valuation. The sector has historically traded at aroun 10-14x PE and currently DRYS is a steal at 4x PE, up coming earning will be great undoubtidly, the key point will be the forward guidance however. I think DRYs is a leader and best of breed in the sector and is constantly changing and innovating (ie the purchase of off shore drilling oil rigs).
$67.1297 (08/04/08)
