The first half of 2012 is in the rearview mirror, and investors are gearing up for what looks to be an action-packed ending. There are bound to be some big winners -- and more than a few duds -- no matter what happens in the United States and abroad.
Will your favorite stock have its victory lap as we hit the home stretch, or will it get lapped? First-half performances can hold some clues, so let's look to the recent past to find out whether DryShips
DryShips has, at various times been one of 2012's best-performing and worst-performing stocks. It's settled into a reasonable gain on the year to date, as you can see here:
Here are a few financial snapshots of its recent performance:
|Market Cap||$1.1 billion|
|Trailing 12-Month Revenue||$1.12 billion|
|TTM Net Loss||($143 million)|
|TTM Free Cash Flow||($1.63 billion)|
|Most Recent Quarterly Revenue||$247 million|
|MRQ Net Loss||($47 million)|
|MRQ Free Cash Flow||($115 million)|
|MRQ Revenue / Net Income YOY Change||19.3% / (304.3%)|
|Motley Fool CAPS Rating (5-star max)||***|
What the numbers don't tell you
DryShips isn't the only major dry-bulk carrier to get raked over the coals in recent years, but it's one of the more prominent examples. Over the past 12 months, DryShips, along with peers Diana Shipping
European problems in general, and Greek problems particularly, have also contributed to DryShips' misery. The stock tends to react violently to major news out of Greece. I pointed out earlier this year that DryShips and National Bank of Greece
Earlier this year, it seemed to DryShips' advantage to have operational diversity through a stake in deepwater drilling spinoff Ocean Rig
DryShips' current stake in Ocean Rig is worth more than DryShips' current market cap, so investors can now get a free stake in a deepwater driller with the purchase of a floundering and unprofitable dry bulk shipper. That's the only real silver lining to this sad story so far.
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