Yes, Lately the market for "DRYS" has been rising to hit a new price of $7.00 and up due to the rallying of continued commodity and the growing optimism in economic recovery.But its still too early to judge if the global economic and international trade is starting to bounce "back on its feet"yet.Reading this blog will benefit the reader on being more knowlegable about this company and might consider futere invesment in it.To be simple for everyonw to understand, just know that this is a international shipping company that holds more than 30% of the baltic index shipping rates.Now China is a rising nation,they have a lot of many things people and resources.They will export huge amounts all around as soon as the global market recovers out of the recession.So for a long term invesment if you believe in the economy of the two largest nations in the world, this would be consider a strong buy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment