This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Orion Marine Group Updates Investors

Stocks in this article: ORN

State Update

Bridge construction for various state departments of transportation has been a strong contributing factor towards increasing the utilization of the Company's construction equipment. The Company continues to see a steady amount of bridge building opportunities. While bid margins on these types of projects are still lower than historical norms, the Company has not seen any further deterioration or any increase in irrational bidders.    

The latest Infrastructure Report Card released by the American Society of Civil Engineers (ASCE) last month assigns a grade of "C+" to the overall conditions of the nation's bridges. The report card identifies 25% of all bridges in the country as structurally deficient or functionally obsolete. The Company believes the current state of bridges in the country will provide steady bid opportunities over both the medium and long term.     

Local & Private Update

With the average size of vessels calling US ports increasing, so is the need to undertake capital investment by local port authorities to accommodate these larger ships. The trend of larger vessels requiring deeper drafts and larger terminals will only continue to grow as we approach the completion of the Panama Canal Expansion in 2015. The Company sees these trends as positive long term drivers over the next decade with funding challenges to overcome in the near term before many of these projects materialize into bid opportunities.

The Company also expects the recent increase in other private sector bid opportunities to continue for the foreseeable future. The development of domestic energy in our market areas and the need to transport, refine, and store these commodities has provided a multitude of opportunities for the Company to bring its entire suite of services to bear in constructing the waterside portion of this infrastructure. The Company also expects to see opportunity in the long term related to the eventual large scale export of these commodities.

3 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,061.60 +7.89 0.04%
S&P 500 2,092.51 +3.74 0.18%
NASDAQ 4,807.9690 +1.11 0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs