(Athens, Greece) – DryShips Inc., an owner and operator of drybulk carriers that operate worldwide, today announced earnings of $-219.46 per share. This comes on the heels of an outstanding year that saw the stock reach a high of over $1,900 per share.

George Economou, the billionaire owner of a marine empire and a handful of shell companies in the Caribbean, South Pacific, and Eastern Europe, is betting big that the stock will climb out of the dust following a year that saw a %99.6 drop in share price and multiple reverse splits.

“I feel good. Really good about my financial prospects this year, especially from the buying and selling of DryShips stock,” said Economou from the deck of one of his carriers.

“The ship financing industry is also doing well. Several of my companies have loaned money to DryShips after taking advantage of high trading volumes and temporary spikes in the share price,” Economou stated humbly. “DryShips is doing very well, and has much liquidity and capital safely invested in my shell companies. Everyone should buy DryShips stock!”

DryShips is currently trading at $4.39 per share. Economou stated that he is very concerned about keeping the company solvent and profitable, as two of his former wives own a total 15% of DryShips stock. “I want to see them prosper,” said the billionaire shipbuilder, “just like me.”

DryShips currently has $243 million in cash on hand, which amounts to $6.70 per share. Most of that cash is committed to buying more ships to take advantage of the slump in shipping prices that is predicted to continue through the end of the year, and the drop in international trade that is expected due to the “buy American” stance of the United States. 

All in all, this stock seems like a sure thing, as long as the IRS continues to allow the carryover of capital losses.

(Disclaimer: The author failed to sell his DryShips stock when all of the smart investors bailed out.)