Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's current mess surely qualifies. The brutal conditions have changed the game in many industries, including the shipping sector, and the volatile conditions have actually given investors many reasons to consider buying shares of dry bulk carrier DryShips
In our Motley Fool CAPS community, 3,009 investors have given a bullish or bearish opinion on DryShips. Poring through the detailed information packed in pitches and other comments, I've dug up three of the top reasons why many members consider the stock a buy today:
1. Increased industry activity: Stalled contract negotiations between Chinese steel manufacturers and suppliers Rio Tinto
2. Cutting costs: DryShips has been working to improve its liquidity and financial position by cutting costs and furloughing around $2 billion in capital expenditures. And like competitors Excel Maritime Carriers
3. Profitable operations: Excluding special items in its most recent quarter, DryShips' operations pulled in more than $47 million in net profit, giving some investors confidence that once the volatile conditions settle down, DryShips should see smooth sailing. While competitor Navios Maritime Holdings
Of course, there's a lot more devil in the details of these buy-side opinions, which is why CAPS is such a great resource to check and balance your own analysis. You can read the bullish and bearish sides to every stock. To see what the very best CAPS members are saying now about DryShips, just click on over to Motley Fool CAPS and have a look -- it's all free, and your opinion's welcome, too.
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Fool contributor Dave Mock can easily think of three reasons to avoid donning that new swimsuit this summer. He owns no shares of companies here. The Fool's disclosure policy sticks to the shallow end of the pool and never ventures deeper than three feet.