Cramer Doesn't Like DryShips (DRYS); Recommends Frontline (FRO) or Nordic American Tanker (NAT)
More News related to DRYS
- DryShips (DRYS) Announces Agreement With Commerzbank and West to Waive $70M in Debt
- DryShips Announces It Has Reached Agreement With Commerzbank and West LB on Waiver Terms for $70 Million of Debt
- Highlights From DRYS's Q3 Conference Call: 77% Covered for 2011 at Average Rate of $37,000 Per Day
- DryShips (DRYS) Posts Q3 EPS of adj.-$0.27, Beats By 7c
- DryShips Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2009
More News related to FRO
- FRO - Appointment of Director and share incentive program 2009
- Deutsche Bank Starts Various Transportation Stocks: KNX, DSX, FDX, HTLD, NSC, ODFL, CSX at Buy
- FRO - 2009 Annual General Meeting
- FBR Capita Upgrades Frontline Ltd. (FRO) to Market Perform
- Trading Radar for 8/28: Tiffany (TIF), Frontline (FRO) Report; Personal Income/Spending, UofM Sentiment Index Due
More News related to NAT
- Nordic American Tanker Shipping Ltd. - (NYSE: NAT) Announces Acquisition of its Eighteenth Vessel - bolstering the Dividend Capacity.
- Nordic American Tanker Shipping Ltd. - (NYSE: NAT) - NAT Chairman & CEO live on CNBC November 9, 2009
- Naturally Advanced Technologies Reports Third Quarter 2009 Results
- Trading Radar for 11/09: Dish Network (DISH), Rockwell (ROK), Priceline.com (PCLN), MBIA (MBI), Ticketmaster (TKTM) Report
- Nordic American Tanker (NAT) to Acquire Its 17th Vessel for $51.5M
Despite a "Don't Buy" recommendation by Jim Cramer on Mad Money last night, shares of DryShips (Nasdaq: DRYS) are trading slightly higher in this morning's pre-market session. The stock is currently up 0.32% to $6.30.
Taking a caller during the "Lightning Round", Cramer simply said hes "not going to go there", referring to DryShips stocks. Instead, Cramer recommended investors pick up shares of either Frontline (NYSE: FRO), on of the largest drybulk shippers by market cap, or Nordic American Tanker (NYSE: NAT).
Notably, shares of Frontline are currently trading up more than 2%, possibly on the Cramer tout.
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Comments
DRYSHIPS MAKES MONEY
WAY MORE ROOM AT 6 BUCKS TO MAKE MONEY THAN AT 25-32 A SHARE,,,,,COMMON SENSE SAYS BUY MORE AT LOWER PRICE,,DRYS IS A SOLID BET TO GO HIGHER,,,,CRAMER HAS A RIGHT TO AN OPINION,,,,ONLY FOOLS FOLLOW BLINDLY!!!
STOCKS PICKER
CRAMER I BUY DRYS YESTERDAY AT ITS DIP. ITS GOING UP. YOU MISS IT. I THOUGHT YOU ARE A TRADER. YES YOU ARE NOT. I OWN BAC WHICH IS GOOD. I OWN HSY, T, VLO I BOUGHT THESE STOCKS AT ITS DIP THE OTHER DAY. NOT ALL CRAMER'S RECOMMENDATION IS CORRECT.
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What?
Billy Bob on Jun 23, 2009 12:11 PMwhat did you just say?