ADVFN Logo
Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers
Great Lakes Dredge and Dock Corporation

Great Lakes Dredge and Dock Corporation (GLDD)

11.74
0.10
(0.86%)
Closed December 26 4:00PM
11.74
0.00
( 0.00% )
Pre Market: 7:00AM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

GLDD News

Official News Only

GLDD Discussion

View Posts
KennyPro KennyPro 6 years ago
Insider selling sub 11.00. HMMMM? Maybe it is time to exit?
👍️0
KennyPro KennyPro 6 years ago
BAM~ Another 52 week high broken........my oh my.!!!!!!!!!!
👍️0
KennyPro KennyPro 6 years ago
Well, Lookie here, another 52 week high. ~ BAM!
👍️0
KennyPro KennyPro 6 years ago
HMMMM a new 52 week high today. ~ Nice.
👍️0
KennyPro KennyPro 6 years ago
Great Quarterly. These guys are running on all their cylinders. ~ BAM! Looking good for my long term position.
👍️0
KennyPro KennyPro 6 years ago
I am very much looking forward to the Quarterly Report here.
👍️0
cottonmather cottonmather 6 years ago
Scraping up a continued rise..... https://stockcharts.com/public/1164099
👍️0
Saskey Saskey 7 years ago
She was good to me! In for 47 days, made a happy gain.
👍️0
stocktrademan stocktrademan 10 years ago
$GLDD recent news/filings

bearish

## source: finance.yahoo.com

Mon, 13 Apr 2015 14:20:25 GMT ~ Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) to Ring The Nasdaq Stock Market Opening Bell

[at noodls] - Apr 13, 2015 Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) to Ring The Nasdaq Stock Market Opening Bell ADVISORY, Apr. 13, 2015 (GLOBE NEWSWIRE) -- What: In commemoration of its 125th anniversary, ...

read full: http://www.noodls.com/view/84B3DB7594FBC7321000190119FF1EC9AB3BD4BD
*********************************************************

Mon, 13 Apr 2015 14:00:00 GMT ~ Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) to Ring The Nasdaq Stock Market Opening Bell

[GlobeNewswire] - In commemoration of its 125 th anniversary, Great Lakes Dredge& Dock Corporation, the largest provider of dredging services in the United States, will visit the Nasdaq MarketSite in Times Square. In honor ...

read full: http://finance.yahoo.com/news/great-lakes-dredge-dock-corporation-140000454.html
*********************************************************

Mon, 13 Apr 2015 13:00:00 GMT ~ Great Lakes to Ring Opening Bell at The Nasdaq Stock Market to Celebrate 125 Years of Dredging

[Business Wire] - Great Lakes Dredge & Dock Corporation , the largest provider of dredging services in the United States and a major provider of environmental and remediation services, is celebrating 125 years of successfully providing dredging and marine infrastructure services.

read full: http://finance.yahoo.com/news/great-lakes-ring-opening-bell-130000839.html
*********************************************************

Sat, 14 Mar 2015 17:04:11 GMT ~ GREAT LAKES DREDGE & DOCK CORP Financials


read full: http://finance.yahoo.com/q/is?s=gldd
*********************************************************

Mon, 09 Mar 2015 00:08:08 GMT ~ 10-K for Great Lakes Dredge & Dock Corp.


read full: http://www.companyspotlight.com/routers/headline/18963/10004/6459912?cp_code=YAH1&1425859688
*********************************************************

$GLDD charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$GLDD company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/GLDD/company-info
Ticker: $GLDD
OTC Market Place: Not Available
CIK code: 0001372020
Company name: Great Lakes Dredge & Dock Corp.
Incorporated In: DE, USA

$GLDD share structure

## source: otcmarkets.com

Market Value: $352,384,227 a/o Apr 17, 2015
Shares Outstanding: 60,236,620 a/o Feb 27, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$GLDD extra dd links

Company name: Great Lakes Dredge & Dock Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GLDD+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GLDD+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GLDD+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/news - http://finance.yahoo.com/q/h?s=GLDD+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GLDD/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GLDD+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GLDD
DTCC (dtcc.com): http://search2.dtcc.com/?q=Great+Lakes+Dredge+%26+Dock+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Great+Lakes+Dredge+%26+Dock+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Great+Lakes+Dredge+%26+Dock+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GLDD
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001372020&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GLDD&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GLDD
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GLDD+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GLDD+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GLDD
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GLDD
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GLDD+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GLDD/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GLDD+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GLDD.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GLDD
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GLDD/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GLDD/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GLDD
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GLDD
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GLDD:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GLDD
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GLDD



$GLDD DD Notes ~ http://www.ddnotesmaker.com/GLDD
👍️0
dabonenose dabonenose 10 years ago
GLDD created a pincher and is now expanding out of it.

Stochastic got oversold and has now started a rebound.

Lots of good technicals at the moment.

A close above 6.15 and it should start a break out.

R at 50 day @ 6.70ish, ,then major R at the intersect of the 200 day and the downtrend line near 7.20.

If it gets through all that, then will/should challenge the highs of 8.70 in early Jan 2015.

Just my 2 cents,,,,lol,,,,IMO.
👍️0
dabonenose dabonenose 10 years ago
Lots of insider buying here as well as hedgies.
👍️0
clydesur clydesur 10 years ago
GLDD - Oversold is now moving into Blue Sky. Lets see if it continues...
👍️0
clydesur clydesur 10 years ago
$GLDD
Great Lakes Announces Receipt of $134.5 Million Award for Savannah Harbor Expansion Project
8:00a ET March 5, 2015 (Business Wire) Print

Great Lakes Dredge & Dock Company, (NASDAQ:GLDD), the largest provider of dredging services in the United States, announced today receipt of an award for a $134.5 million contract to deepen the Savannah Harbor federal shipping channel.

The project involves deepening the entrance channel to a depth of 47 feet and represents the first step in deepening the 40 mile long shipping channel and harbor. It is part of the Savannah Harbor Expansion Project (SHEP), a major port improvement project with an estimated cost of $706 million, of which the State of Georgia has committed $266 million. Great Lakes plans on using a mix of cutter suction and hopper dredges to perform the work. Dredging operations are expected to commence later this year and be completed by Summer 2018.
👍️0
Renee Renee 10 years ago
GLDD: SEC Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-73434.pdf
👍️0
ry-can-man ry-can-man 11 years ago
WOW its been awhile since anybody has made a peep here... anything going on??? I like the idea of what these guys do... are they legit?
👍️0
Penny Roger$ Penny Roger$ 13 years ago
~ Monday! $GLDD ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $GLDD ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=GLDD&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=GLDD&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=GLDD
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GLDD#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GLDD+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GLDD
Finviz: http://finviz.com/quote.ashx?t=GLDD
~ BusyStock: http://busystock.com/i.php?s=GLDD&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GLDD >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
naturalborninvestor naturalborninvestor 14 years ago
How comes no one's here?
👍️0
janeyH janeyH 14 years ago
this stock has been like a rocket a no action on IH - shocker. imho, it is going up from here too - anyone care to discuss?
👍️0
janeyH janeyH 14 years ago
capt, you back in yet? gonna run again.
👍️0
janeyH janeyH 14 years ago
you win some and you lose some.

i am still in long here - waiting for 9+. i think they can do it once harbor legislation is passed. i thnk that they will either just roll in the money themselves or be bought out by Shaw - either way - 9+

also i want to be in for a year for the tax issues and my year is up next march - i bought in big after the earnings miss by a penny and the stock tanked
👍️0
captttam captttam 14 years ago
wow I missed the boat way to go Janey
👍️0
janeyH janeyH 14 years ago
duuuuuude
👍️0
janeyH janeyH 14 years ago
did i say the past month was great then - dang, this month is already double sah-weet
👍️0
janeyH janeyH 14 years ago
bummer. the past month has been sah-weet here.
👍️0
captttam captttam 14 years ago
I got out a month ago , It was just stagnate with no PPS MOMO. They were making money just did not share it with stockholders.
Capt
👍️0
janeyH janeyH 14 years ago
right-o capn, 7+ is a no-brainer; i am in in the 4s and waiting for a double next year. new mgmt will rock this ship. old mgmt was OK, but not shareholder focused.
👍️0
captttam captttam 14 years ago
Lets take this back to 7.00 range soon.
Its undervalued Big Time
👍️0
captttam captttam 14 years ago
A good strong earnings report will be a bonus , we need some MOMO
👍️0
jaxstraw jaxstraw 14 years ago
Great Lakes Dredge & Dock Corporation Schedules Announcement for 2010 Second Quarter Results
Great Lakes Dredge & Dock (MM) (NASDAQ:GLDD)




Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release its financial results for the three months and six months ended June 30, 2010 on Tuesday, August 3, 2010 at 7:00 a.m. CDT. A conference call with the Company will be held the same day at 10:30 a.m. CDT. The call in number is 866-700-7173 and passcode is 93206294. The call can also be heard on the Company’s website, www.gldd.com under Events and Presentations on the investor relations page. The conference call will be available by replay for two weeks, by calling 888-286-8010 and providing passcode 48493888. A copy of the press release will be available on the Company’s website.

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations
, averaging 30% of the Company’s total dredging revenue over the last three years. Great Lakes is a leader in each of the U.S. markets in which it competes: capital, maintenance and beach
nourishment dredging. The Company is also one of the largest U.S. providers of commercial and industrial demolition services. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction. Great Lakes has a 120-year history of never failing to complete a marine project and owns the largest and most diverse fleet in the industry, comprised of over 180 specialized vessels.
👍️0
captttam captttam 14 years ago
Great news for sure,
Maybe this will help with residual revenues IE it will extend other contracts due to dredging the sand barriers.
Either way its good for GLDD they are a great company.
Would be great if we got the PPS up in the 7 or 8 range
Capt
👍️0
jaxstraw jaxstraw 15 years ago
Dredging armada converging on Louisiana

News - June 18, 2010


Engineering News Record reports that the Shaw Group in the US is reportedly working obtain access to a large number of dredgers - including up to seven cutter suction dredgers and five trailinh suction hopper dredgers - for emergency dredging work to help tackle the oil flowing into the Gulf of Mexico from the BP oil spill. However, said the report, the problem is that a lot of the equipment is already deployed elsewhere.

Great Lakes Dredge & Dock's cutterhead dredge California is first to start work on the 128 project to create sand berms to prevent the oil from reaching the coast.

“Much of the equipment is under contract to other entities, mostly the Corps of Engineers,” says Charlie Hess, a project manager with the Baton Rouge-based contractor.

“Most dredges we are talking about are working navigation projects,” said Chris Accardo, chief of operations division for the U.S. Army Corps of Engineers New Orleans District.

“We understand the urgency for the berm construction, but at the same time we don’t want to throw navigation interests under the bus. We’re trying to balance the navigation mission with berm construction.”

According to the report, by June 14, Shaw had two dredges signed up to help build the US$360 million project to reinforce barrier islands from the Chandeleur Islands on the east side of the mouth of the Mississippi River Delta to the Scofield Island on the west.

California was already operating near the site on an unrelated project for the Corps but is now engaged in constructing berms.

Shaw also has engaged Stuyvesant, a hopper dredge owned by Stuyvesant Dredging in New Orleans. Stuyvesant was not under contract, so putting it to work was relatively straightforward, but Great Lakes had to obtain a no-cost extension on its contract with the Corps in order to get released for the berm work.

However, Engineering News Record say Shaw is having more difficulty obtaining a contract release on two other hopper dredges, Bayport and the Newport. Their owner, Seattle-based Manson Construction, had both under contract for Mississippi River dredging.

"For a dredge to be moved from a Corps project to the berm barrier, the dredging contractor that owns the equipment must request a release from the contracting district," explained Bruce Terrell, chief of the Corps’ New Orleans District (NOD) construction division.

“We are entertaining requests for no-cost extensions under suspension-of-work clauses in the contracts,” Terrell says. “Contractually, we can agree to a modification of the contract that temporarily suspends work on that contract at no cost to the government for some estimated time period.”

The government doesn’t want to release the dredges indefinitely, Terrell adds, so the extensions must include a time estimate. “We make a determination on a project-by-project basis as to whether or not that can happen,” Accardo says. Suspending operations can have negative consequences. Taking a dredge off channel maintenance, for instance, can create problems for navigation.

“If we were to take all of the hopper dredges out of Southwest Pass at the mouth of the Mississippi,” Accardo says, “that would cause the draft level to be bumped up. That request would have to go higher up the chain of command, and both the state and federal government would have to look at it to determine what’s in the best interest of the public.”

The Corps is expediting requests as quickly as possible, says Ken Holder, director of public affairs, NOD. “Within three hours after we got the request to release the California, we had it released.”

However, many competing interests are weighing in on the significance of missions and priorities. If dredging is reduced at Southwest Pass, which routinely shoals, it could affect nationwide commerce, says Captain Michael R Lorino Jr, president of the Associated Branch Pilots (bar pilots) for the Port of New Orleans. “If you close the pass, it would not be best for the state and country,” Lorino says.
👍️0
jaxstraw jaxstraw 15 years ago

Great Lakes Dredge & Dock Corporation Begins Work on First Sand Berm off the Louisiana Coast

OAK BROOK, Ill., Jun 16, 2010 (BUSINESS WIRE) -- Great Lakes Dredge & Dock Corporation reported today that it has been engaged as a subcontractor to Shaw Environmental and Infrastructure Group ("Shaw") to provide dredging services relating to the construction of sand berms off the Louisiana coast. Shaw has been retained by the State of Louisiana to construct the berms. The sand berms are intended to act as a barrier to reduce the amount of oil reaching the State's fragile coastal wetlands and marshes as a result of the Deepwater Horizon oil spill. The berm construction process involves dredging the sand and delivering it to a designated berm location.

On June 14, 2010, Great Lakes' cutter suction dredge, the California, began pumping sand at the Chandeleur Islands for delivery to berm construction locations. On June 15, 2010, Shaw requested Great Lakes to mobilize its cutter suctions dredges Texas and Alaska, its hopper dredge Liberty Island and other ancillary equipment to work on the creation of these berms. Additionally, Great Lakes has submitted proposals to Shaw for an additional three dredges and ancillary support equipment to be used in the berm construction project. Should Great Lakes proposals be accepted, the total scope of work contracted to Great Lakes could range from four to seven dredges and other ancillary equipment. BP has committed $360 million to the State of Louisiana for this project.

Douglas B. Mackie, President and Chief Executive Officer, said, "We at Great Lakes are proud to have the opportunity to assist with the clean-up effort of this environmental disaster and welcome the opportunity to commit additional assets to the project."

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations, averaging 30% of its dredging revenues over the last three years. The Company is also one of the largest U.S. providers of commercial and industrial demolition services. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction. Great Lakes has a 120-year history of never failing to complete a marine project and owns the largest and most diverse fleet in the U.S. industry, comprised of over 180 specialized vessels.
👍️0
jaxstraw jaxstraw 15 years ago
Great Lakes Dredge & Dock Corporation Schedules Announcement for 2010 First Quarter Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release its financial results for the quarter ended March 31, 2010 on Tuesday, May 4, 2010 at 7:00 a.m. CDT. A conference call with the Company will be held the same day at 10:30 a.m. CDT. The call in number is 866.783.2141 and passcode is 98550773. The call can also be heard on the Company’s website, www.gldd.com under Events and Presentations on the investor relations page. The conference call will be available by replay for two weeks, by calling 888-286-8010 and providing passcode 81800212. A copy of the press release will be available on the Company’s website.

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations, averaging 30% of the Company’s total dredging revenue over the last three years. Great Lakes is a leader in each of the U.S. markets in which it competes: capital, maintenance and beach nourishment dredging. The Company is also one of the largest U.S. providers of commercial and industrial demolition services. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction. Great Lakes has a 120-year history of never failing to complete a marine project and owns the largest and most diverse fleet in the industry, comprised of over 180 specialized vessels.
👍️0
jaxstraw jaxstraw 15 years ago
Great Lakes Dredge & Dock CEO pleased with recent performance

Company News - February 26, 2010


Douglas B Mackie, President and Chief Executive Officer of Great Lakes Dredge & Dock, says he is "very pleased" with the company's performance during 2009 "as we reached record revenues and earnings."

"During the third quarter, we repositioned two of our large hydraulic dredges to the US to be better positioned to take advantage of the active domestic bid market. Our ability to expeditiously re-position key dredges has served us well as we capitalize on attractive market opportunities," he explained.

"The year included several very complex Louisiana coastal and wetland restoration projects. These were some of the many projects which required our equipment to operate in unprotected waters exposing our operations to the risk of delays due to storms and hurricanes."

"During the first quarter weather worked very much in our favour, however, during the fourth quarter, we experienced a significant reversal of that phenomenon. Given these risks, it is often difficult to predict financial performance, particularly in the short-term, with any degree of certainty. We do think bid market trends and government funding initiatives tend to be better indicators of long term performance, particularly in light of the success we continue to enjoy in winning domestic contract awards."

"With regard to government funding, we believe that the majority of the work that is being funded by the stimulus program mehas been awarded to date, although a significant amount remains to be completed by the industry in 2010. While there is some uncertainty with regard to the timing and approval of other funding initiatives given the many legislative priorities before Congress, we are encouraged that the 2011 federal budget discussion has begun."

"Our experience has shown that the Corps of Engineers can fund and bid work more efficiently and predictably when operating under an approved budget as opposed to continuing resolutions. Approval of the 2011 budget, success of the Harbor Maintenance Trust Fund initiative and continuing economic pressure to deepen our East and Gulf Coast ports, should lead to a continuation of the healthy US dredging market," said Mr Mackie.

"As global economic conditions improve, there are also positive indicators in both the foreign dredging market and our demolition business. With the strengthening of the price of oil we are seeing a resurgence of potential opportunities, particularly in the Middle East. Further, the renewed focus on domestic infrastructure and our success in entering new markets has enabled our demolition business to add over Us$30 million of backlog in January."

"We are convinced that the fundamentals are in place for continued, strong, long term growth in the domestic dredging market," Mr Mackie concluded. "Nevertheless, we are cognizant that the timing of funding approvals do influence our shorter term performance. That coupled with the uncertainty of when the international market and the demolition business will achieve sustained momentum and at what levels leads us to adopt a conservative outlook at this early point in the year."

👍️0
jaxstraw jaxstraw 15 years ago
Morgan Joseph Reiterates a 'Buy' on Great Lakes Dredge & Dock Corporation (GLDD)

February 22, 2010 8:18 AM EST

Morgan Joseph reiterates a 'Buy' on Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), price target $8.

Morgan analyst says, "We expect 4Q09 EPS of $0.10 vs. $0.03 last year and the Street consensus of $0.08. On the call, we will be looking for updates on: how Great Lakes is holding on to market share, particularly from the Army Corps of Engineers (ACE); whether the Middle East and other international geographies have stabilized; and any further developments with the Harbor Maintenance Trust Fund...We are looking for total revenues to be down 5.2% Y/Y to $154.6mm as strength in the domestic dredging market is offset by the winding down of Foreign Capital work in the Middle East...We anticipate the operating margin to be 7.3%, up 260 basis points Y/Y, reflecting higher utilization, positive mix, and the expectation that no major dry dockings of vessels impacted the quarter."
👍️0
jaxstraw jaxstraw 15 years ago
Waiting for the 10k.
👍️0
jaxstraw jaxstraw 15 years ago
No news lately.
👍️0
jaxstraw jaxstraw 15 years ago
Looks like consolidation time again.
👍️0
jaxstraw jaxstraw 15 years ago
Steady as she goes.
👍️0
jaxstraw jaxstraw 15 years ago
Looking good for the new year.
👍️0
jaxstraw jaxstraw 15 years ago
Older article but good read.

http://www.istockanalyst.com/article/viewarticle/articleid/3767683
👍️0
jaxstraw jaxstraw 15 years ago
This could be the start of something good
👍️0
jaxstraw jaxstraw 15 years ago
This could be the start of something good
👍️0
jaxstraw jaxstraw 15 years ago
Wonder who bought in
👍️0
jaxstraw jaxstraw 15 years ago
Looks like we could break $7
👍️0
jaxstraw jaxstraw 15 years ago
Nice run today
👍️0
jaxstraw jaxstraw 15 years ago
Stimulus should help us out
👍️0
jaxstraw jaxstraw 15 years ago
In since 2.25
👍️0
jaxstraw jaxstraw 15 years ago
Holding steady on a bad day
👍️0
jaxstraw jaxstraw 15 years ago
This is a comer.
👍️0