DryShips (DRYS) Joins the Dilution Parade

By Trader Mark
08 May 2009 @ 03:58 pm EDT

It is not just REITs and banks diluting shareholders hand over fist; we've seen companies in the industrials (Dow Chemical), metals (Alcoa, US Steel), among many other industries. Even our lowly Smith & Wesson ( SWHC ) did a dilutive offering yesterday! What is amusing is there seems to be no amount of reticence to buy and be diluted - it is seen as "good"! Some companies have done two offerings just in 2009 alone! So different than the era I grew up in, but we live with a new set of rules. Dilution means breathing room...

International Business Times

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