Posted October 2, 2018
- Today, we revisit small cap infrastructure play Great Lakes Dredge & Dock.
- The stock has risen some 50% over the past 18 months since we last profiled it and stands at 52-week highs.
- Why the shares could rise another 20% to 25% over the next year is detailed in the paragraphs below.
- This idea was discussed in more depth with members of my private investing community, The Insiders Forum. Start your free trial today »
It is reasonable that everyone who asks justice should do justice” ? Thomas Jefferson
It has been approximately a year and half since we last covered Great Lakes Dredge & Dock (GLDD) here on Seeking Alpha's free site. The stock has been one of the original members of the Insiders Forum model 25-stock portfolio over that time.
The shares have gained just over 50% since their inclusion. More than a solid performance, but not a home run like some of our small biotech stocks. Recently, the stock has breached its approximate $6 resistance level and does appear capable of rallying further.
Given this, we revisit this small cap infrastructure play in the paragraphs below.