Great Lakes Dredge & Dock: Backlog And Margin Gains Signal Late-Cycle Opportunity

Company Overview - Great Lakes Dredge & Dock (NASDAQ: GLDD) is the largest dredging company in the U.S. and operates in a niche but critical infrastructure segment [1] Market Position - Despite its leadership position, Great Lakes Dredge & Dock is often overlooked by the market, indicating a potential undervaluation [1] Investment Focus - Stork Research, a private investor, specializes in overlooked and undercovered markets, focusing on micro-cap and small-cap equities that exhibit strong growth at reasonable valuations [1] - The research emphasizes deep, fundamentals-based analysis in sectors such as industrials and technology, which are historically rich in multi-bagger potential [1] Geographic Scope - The investment focus of Stork Research spans the U.S., Canada, and select European markets, including Poland and Germany [1] Investment Strategy - Stork Research typically avoids highly cyclical industries but occasionally targets recovery-phase opportunities or contrarian plays in severely overvalued names where sentiment diverges from long-term value [1]