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Why is shipping rarely profitable ? the barriers to entry are large, and at least in theory that should give companies some stable margin ?
by petra 5y ago
Why is shipping rarely profitable ? the barriers to entry are large, and at least in theory that should give companies some stable margin ?
- perl4ever 5y agoI don't know, but DryShips is an amusing example. https://www.barchart.com/stocks/quotes/DRYS https://www.barchart.com/stocks/quotes/DRYS Because of reverse splits, the stock appears to have peaked at around $1.5B per share in late 2007. If you multiply that by the shares now outstanding you get about $130 trillion. Which of course it was never worth. They kept issuing shares and getting asymptotically closer to zero, but I'm not sure they ever actually went out of business.