+ Watch GLDD
on My Watchlist
The Company is the provider of dredging services in the United States.
Addition by subtraction, GLDD is selling off its crummy demolition business. Eliminating the losses from it should reveal the true earning power of its dredging business.Deej
As the scope of natural disasters increase with larger populations and climate change I see the demand for dredging companies to increase. GLDD's mission statement sounds ideal for the impending tasks of rebuilding the beaches of the east coast after Sandy and for making the drought stricken Mississippi River and Great Lakes navigable to commerce.
3 words, dredging, dredging, dredging.
Heavy Construction Industry. Market cap of $356.98M. 5-year EPS growth rate at 32.7%. Gross margin at 22.68% vs. industry average at 12.11%. Operating margin at 9.49% vs. industry average at 5.23%. Seasonal business.
Changes in legislation will require Harbor Maintenance Trust Fund to distribute surplus funds to pay for domestic dredging projects. Huge need for domestic dredging work because US ports are shallower than international counterparts (and not deep enough for the largest ships). Expanding the Panama Canal (complete 2014) will only further expand need for deepening of US ports. Federally protected industry means that there are few companies that can compete for these projects.
THIS LOOK LIKE A GOOD ONE TO ADD TO MY BUY LIST
good bama momma stock and just ready to break back from lo range
Good future growth and earnings.
PUBLIC CONTRACTS IN CA
Excellent results posted in Q1
Plenty work O comming.
Dredge & dock is an old line speculation on the Dubai and other Middle East boom, where the company is sending two dredges to add to those already in service. Estimated value @ $7.60 and could be higher on rwaction to any P-R type news.
Guaranteed paychecks thanks to Uncle Sam.
I see this one as a study growth stock based on the daily range. and 52 week avg. will run a price channel on request for any fool that asks on any stock.
Looking for 20.00 before 2008
Sleeper providing good room for appreciation
Going long for solid margins in several core business sectors.
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