how much money does it cost to build a small gold dredge

GLDD’s margins in 2022 got crushed, as did the stock price.

When your dredgers aren’t at work because you didn’t get your bid, you send them to the shipyard for maintenance, causing a “double-whammy” of less revenue and higher costs. government, the “bid market” of projects for which GLDD competes evaporated in the first half of 2022 due to some combination of an extra-long Continuing Resolution, overly complicated budget authorization and allocation processes, and frankly, work-from-home inefficiencies. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has a market capitalization of $545.946 million.Ĭove Street Capital made the following comment about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in its second quarter 2023 investor letter:Īt the end of 2022, we initiated a position in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in the midst of a significant decline in the company’s results. One-month return of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) was 8.32%, and its shares lost 30.09% of their value over the last 52 weeks. On July 11, 2023, Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) stock closed at $8.20 per share.

Headquartered in Houston, Texas, Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a dredging services provider. Cove Street Capital highlighted stocks like Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) in the second quarter 2023 investor letter.

How much money does it cost to build a small gold dredge