This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Riskiest Dry-Bulk Stock: DryShips

NEW YORK ( TheStreet) -- Dry-bulk shipping is a volatile business. Its cycles are vicious, even in normal times.

These, however, are not normal times, and the mariners that haul the world's raw materials hither and yon across the high seas face a slew of challenges, from Chinese demand for iron ore to the supply of new vessels set to come into service in the coming months and years.

In our most recent poll, we asked readers of TheStreet to weigh in on which dry-bulker's stock they considered the riskiest play in the industry (out of a group five companies).

The results, so far, are interesting: Perhaps holding to the ancient precepts of risk-reward, voters chose DryShips (DRYS - Get Report) as the riskiest stock -- and it wasn't even close, with the company garnering 45% of the clicks.

This follows an earlier survey by the TheStreet that showed that readers believe DryShips to be the hottest stock in the sector. It's also not exactly a shock, since DryShips' chief George Economou is known as a gambler -- though the evidence suggests that has gone a bit conservative with his chartering strategy.

In fact, DryShips has come out on top on all three of our dry-bulk polls; our previous survey asked readers to weigh in on which shipper had the savviest chartering strategy.

Second place in our riskiest poll goes to New York's own Eagle Bulk Shipping (EGLE), taking 17.4% of the votes. Next were FreeSeas (FREE) (15.7%), Excel Maritime (EXM) (12.5%) and Paragon (symbol) (nearly 12%).

-- Written by Scott Eden in New York

Follow on Twitter and become a fan on Facebook.
Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EXM $0.00 0.00%
EGLE $6.00 0.00%
DRYS $0.20 0.00%
FREE $0.13 0.00%
PRGN $0.23 0.00%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs