Great Lakes Dredge & Dock: Insider Buying Continues

Article Image

Posted October 2, 2018

Summary

  • 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.

READ FULL ARTICLE HERE