This small cap could be a major beneficiary of Trump’s suggested infrastructure spending boost
President elect Donald Trump’s claim that he would “at least double” whatever Hillary Clinton was planning to spend on repairing infrastructure in the United States could offer a big boost to key providers of infrastructure. As with many of his pre-election promises he hasn’t yet expanded on how he proposed paying for this increased spending but, everyone seems to agree there is plenty of ageing US infrastructure that is in dire need of repair. We have come across an unknown small cap that could do very nicely over the next few years as a result!
With a current market capitalisation of only US$215m Great Lakes Dredge & Dock Corp (GLDD:NSQ) goes unnoticed by many investors, both sides of the Atlantic, and could be a beneficiary of increased infrastructure spending. Despite having a boost over the last few days the share price is also close to 5 year lows suggesting now could be good time to take an interest in this small cap. GLDD is a 125 year old provider of dredging services. With its headquarters in Oak Brook, Illinois, it has a long history with Chicago’s shore infrastructure and river lock system and is now…