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DryShips'

(DRYS) - Get DryShips Inc. Report

stock was recently upgraded by Lazard to buy, largely on the basis of the company's continued

push into the deepwater oil-drilling business

.

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The shares received a bump from the upgrade, but what of the long-term play?

Do you think this will be a winning strategy for DryShips

?

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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.