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Great Lakes Dredge & Dock Corporation (GLDD) [hlAlert]

up 14.25 %

Great Lakes Dredge & Dock Corporation (GLDD) rated Buy with price target $6.50 by Morgan Joseph

Posted on: Wednesday,  Jun 17, 2009  9:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) on 06/17/2009. Previously Morgan Joseph rated Buy Great Lakes Dredge & Dock Corporation
(NASDAQ: GLDD) on 11/11/2008., when the stock price was $4.63. Since then, Great Lakes Dredge & Dock Corporation has gained 14.25% as of 01/06/2016's recent price of $5.29.
If you would have followed the previous Morgan Joseph's recommendation on GLDD, you would have gained 14.25% of your investment in 2612 days.

Great Lakes Dredge & Dock Corporation (Great Lakes) is a provider of dredging services in the United States. The Company is engaged in the business of marine construction, primarily dredging, and commercial and industrial demolition services. Great Lakes operates in two segments: dredging and demolition. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Great Lakes? primary dredging customers are domestic and foreign government agencies, as well as private entities, and its primary demolition customers are general contractors, corporations that commission projects, nonprofit institutions, such as universities and hospitals, and local government and municipal agencies. On April 30, 2008 the Company acquired North American Site Developers, Inc. (NASDI). On January 1, 2009, the Company acquired Yankee Environmental Services (Yankee).

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/17/2009 9:25 AM Buy
5.31 6.50
as of 12/31/2009
1 Week up  23.61 %
1 Month up  36.84 %
3 Months up  15.47 %
1 YTD up  94.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2009 8:25 AM Buy
2.49 5.00
11/11/2008 8:25 AM Buy
4.63 6.00

(*) Stock Price at the time of the recommendation.
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