This Day On The Street
Continue to site
ADVERTISEMENT
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

Dry Bulk Winners & Losers: Euroseas

DryShips needs to pony up about $1 billion to the shipyards in order to pay for the four drillships. Expectations were that the company would have announced a contract by the end of 2009, but midway through January, investors were still sitting at the port terminal, looking up at the departures board (so to speak).

Among other U.S.-listed dry-bulk shipping names Friday, Navios Maritime (NM - Get Report) fell 1%, Genco Shipping & Trading (GNK - Get Report) declined 1.3%, and Eagle Bulk Shipping (EGLE) retreated 1.2%.

-- Written by Scott Eden in New York

Follow TheStreet.com 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 TheStreet.com, 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.
3 of 3

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
SYM TRADE IT LAST %CHG
GNK $0.00 0.00%
EGLE $10.36 -2.00%
DSX $6.86 -0.72%
DRYS $0.81 1.40%
ESEA $0.78 4.42%

Markets

DOW 18,227.75 -57.99 -0.32%
S&P 500 2,127.87 -2.95 -0.14%
NASDAQ 5,092.5240 +1.73 0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs