A New Growth Avenue for DryShips
This video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and technology and media editor/analyst Andrew Tonner discuss topics across the investing world.
In today's edition, Brendan and Andrew discuss DryShips and its recent contract for a rig to drill off the shore of West Africa. The contract has a backlog of $67.5 million, and underscores DryShips' evolution from a dry bulk shipper to a drilling rigs company. Brendan likes that DryShips now gets over 70% of its revenue from its drilling rigs segment, which is more stable than the revenue that it gets from its dry bulk business.
DryShips, as he explains in the video, is too risky of an investment for Brendan right now. But we've come across a different stock that has us so excited we can hardly contain our investing enthusiasm. We've uncovered one such pick with so much promise that we've dubbed it: "The Motley Fool's Top Stock for 2012." We've created a special free report for investors to uncover this soon-to-be rock star. The report highlights a company that is revolutionizing commerce in Latin America, and you can get instant access to the name of this company by clicking here to download it now.
At the time this article was published Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.