2024-02-24 04:21:35 ET
Summary
- GLDD recently posted improved financial results for Q4 FY23, with increased contract revenues and improved margins.
- Despite lower annual revenue in FY23 compared to FY22, profitability improved significantly due to cost reduction actions.
- Technical analysis suggests that now is a good time to accumulate the stock, as it is trading near strong support levels and shows potential for a trend change.
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Great Lakes Dredge & Dock: A Good Opportunity With Minimal Downside Risk