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The luxurious Caribbean estate owned by Canadian fashion mogul Peter Nygard has been seized by the Supreme Court of the Bahamas, the latest development in a years-long dispute over illegal dredging of Nygard’s beachfront property that has raised the ire of an environmental group backed by the designer’s billionaire neighbours. The seizure follows years of… Read More
Great Lakes Dredge & Dock (NASDAQ:GLDD)was upgraded by Zacks Investment Researchfrom a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $7.00 price objective on the construction company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.09% from the stock’s previous close. According… Read More
Dan McCready is a boyish ex-Marine, a solar energy entrepreneur and a favorite candidate of national Democrats hoping to nab a Republican seat in their battle for the House. His company, Double Time Capital, says its mission is to hasten “our country’s important transition to clean energy” because of climate change. But as a candidate… Read More
Caterpillar (CAT) has long been a staple investment for those looking to invest in the industrial sector. The company has been around since 1925 and currently is poised to generate over $54 billion in revenue this year. The company has been benefiting from the boom in construction worldwide. Recently we have seen the stock pullback… Read More
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… Read More
Pursuant to Rule 324(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of ASL Marine Holdings Ltd. Parent of Vosta wishes to announce the following payments in respect of the S$100 million in principal amount of Fixed Rate Notes due in March 2020 (ISIN: SG6Z90991217) (the “Series 006… Read More
Great Lakes Dredge & Dock (GLDD -0.3%) announced the receipt of a $48M base contract award on the Big Bend Channel of the Port of Tampa Bay. Dredging is expected to commence in 4Q18 with completion of both base contract and expected options in 3Q19. Great Lakes expects to receive additional option work items on… Read More
When Michael Sullivan moved his clam farming business to St. Augustine in 2012, it wasn’t by choice. Sullivan would have been perfectly happy continuing to operate his business in the Intracoastal Waterway south of New Smyrna. He had 36 acres of underwater leases in the Mosquito Lagoon Aquatic Preserve for 16 years and, at peak… Read More
Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services announced today the receipt of a $113 million base contract award on the Jacksonville Harbor Construction Dredging Contract ‘B’ 47-Foot Project. Great Lakes expects the U.S. Army… Read More
Great Lakes Dredge & Dock Corporation receives a $113M base contract award on the Jacksonville Harbor Construction Dredging Contract ‘B’ 47-Foot Project. The company expects to receive additional option on the contract by mid-2019 with a value of $97M, valuing the complete contract at $210M Dredging activities is expected to commence Q4 2018 with completion… Read More
Guardhat, the world’s leading Internet of Things (IoT) industrial safety technology developer specialized in developing wearables, infrastructure and software platforms to provide a safer and more productive work environment, today announced that it has closed a $20 million ‘Series A’ funding round. Led by RTP Ventures and joined by 3M Ventures, Caterpillar Venture Capital, Revolution’s… Read More
Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,526,658 shares, a decline of 35.4% from the August 15th total of 2,361,762 shares. Currently, 2.6% of the shares of the company are short… Read More
Dredging Contractors of America (DCA) applauded President Trump and Congress for their bipartisan work on legislation paving the way for dredging work in harbors and channels, infrastructure projects and beach and coastal restoration. Trump on Friday signed into law the Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act. The $147… Read More
Zencargo, the digital freight forwarder today announces its seed plus round, led by LocalGlobe, with participation from Samos Investments and Picus Capital bringing total funds raised to over $4m. The company works with hundreds of businesses – from high-growth scaleups to FTSE-listed businesses and will use the new funding to accelerate its product development process… Read More
An 18th century shipwreck off the Delaware coast left beaches in Lewes littered with historic artifacts. A few decades ago shipwrecked items began appearing after a beach replenishment project in 2004. Now the state of Delaware is taking precaution, moving roughly 80,000 artifacts to a more secure place in Dover. “Phone calls started coming in,… Read More