I believe that there are two other dredges working on this project. Liberty Island was not supposed to be there until August but it started early according to a news report I read.
I think we all agree that they have plenty of business but now need to bring profits to the bottom line. Something that has eluded them in the past. I am keeping my fingers crossed that this time it will be different based upon the recent insider buying. We shall see.
In May and June the COB and major shareholder bought a bunch of shares in the open market. The company has record backlog of projects. In the most recent press release they mention that the BP settlement will most likely bring more projects to the company. All of this is good stuff. They now need to perform and turn a profit on these projects. This is something that eluded them in the past. If the insider buying was not there I would be on the sidelines. I like what I see and have bought a hell of a lot shares at a average cost at 5.70 thinking this time is different . Full disclosure : I have bought GLDD shares in years past but never really made any money nor lost any money .
Waiting in line to charge your Tesla while on a road trip will get old real fast. How is Elon the genius going to handle the charging of the 500,000 cars he plans on producing every year? Maybe Chip Chowdry can explain this.
I am a recent buyer at these levels and am looking past 2015 when they launch their new state of the art stuff. I am a long term holder and have been around the block so I do not scare easily. I have seen the downgrades and besides the manipulation you see I think some funds are unloading. Hopefully we are close to the low and in hindsight this will be a great buying opportunity. My gut tells me yes therefore I will be more after I hit the post button. We shall see.
While the stock might not have moved much in the past 5 years it did generate $11 of dividends during that time.