The all-around improvement allowed DryShips to post an operating income of $29.6 million on revenue of $136.8 million in the first nine months of 2018, compared with an operating loss of $27.9 million on revenue of just $58 million in the year-ago period. That year-over-year gain may not entirely erase the memory of multiple reverse stock splits in recent years, or years of awful management, but the business is on more solid footing. "More solid" is relative, though, and investors simply cannot overlook the fact that this has been a horrible investment.