The company utilizes experienced civil, ocean and mechanical engineering staff in estimating, production and project management functions. (NASDAQ:GLDD), which owns the largest and most diverse fleet in the U.S. The industry leader in this field is Great Lakes Dredge & Dock Corp. Warning! GuruFocus has detected 5 Warning Signs with GLDD. Dredging is a four-part process involving loosening the material, bringing the material to the surface, transportation and disposal. Typically, the excavation is undertaken by a specialist floating boat, known as a dredger. ![]() Possible reasons for dredging include improving existing water features, reshaping land and water features to alter drainage and commercial use, constructing dams, dikes and other controls for streams and shorelines and recovering valuable mineral deposits or marine life having commercial value. ![]() One good example is the dredging business.ĭredging is the evacuation of material from a water environment such as lakes, shorelines or canals. Some of the most interesting investment stories are often the most unglamorous.
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