![]() ![]() Sold today, may buy in the next 72 hours.įor my backgrounder on Great Lakes, see here. ![]() UPDATE: GLDD traded up to $7.40 briefly, and I took the opportunity to unload my entire position.ĭisclosure: Long GLDD. At $7.35, that's a P/E of, and a trailing P/E of 26, with long term growth expected at about 10%. Trailing twelve month earnings are $0.26. A conference call with the Company will be held the same. That said, the stock is not exactly cheap compared to expected earnings of $0.47 cents for 2012, especially since those are likely to be revised down to $0.39 given the $0.08 earnings miss. HOUSTON, Ap(GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended Maon Tuesday, at 7:00 a.m. Great Lakes Dredge & Dock Corporation Follow Share 7.72 After Hours: 7.72 (0.00) 0. In addition, GLDD's backlog built up significantly this quarter, which is good for the long term outlook. I like this one long term, and the miss was largely-attributable to one-off factors. ![]() I sold some at the open today, but plan to buy back in to probably a bigger position after the market digests the bad news. That should cause the stock (which has been rising strongly since I bought it last year) to sell off sharply over the next few days. was established when the use of larger ships on the Great Lakes created a need for deeper channels and sturdier docks. Today, the company reported first quarter income of 2 cents, compared to analysts' expectations of 10 cents. ![]()
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