How Orion Marine protects profits in a downturn is a lot of work these days but that hasnt always been the case says James H Trey Grooms an analyst at Stephens Inc They have still been able to grow They are great Orion is about to really dig in Its biggest customer the Army Corps of all but stopped putting work out to bid in the second quarter because Congress was slow to authorize the fundsgot a new 5 billion budget for 2009 and an extra 46 billion in stimulus money for the next two years are planning to plow their own stimulus booty into new bridges piers and drainage systems Even the cruise industry is on board Orion is working on a 30 million project in Haiti for Royal Caribbean which is building a new destination for its cruise shipsIn 2006 the Panama Canal Authority decided to widen and deepen the Panama Canal to accommodate freighters more than twice as large as it can nowThese giants can be 1200 feet long and 160 feet wide and can hold 12000 20foot containers Orion isnt doing the Panama Canal dredging but ports in competing Gulf states and along the eastern seaboard will have to strengthen piers and deepen channels to accommodate the new freighters Pearson says he has identified 10 billion of port expansion projects in his territory Even a small slice would have a serious impact on in 1994 Orion at first managed marine projects all over the US with rented equipment and temporary labor After three years of weak profits founder Russell Inserra decided to take on the risk of owning the equipment and running the jobs with minimal in pursuit of fatter returns Between 1997 and 2003 he borrowed 30 million to acquire four dredging and marine companies in Texas and Florida In 2004 he sold a majority stake to a pair of private equity funds Pearson joined in2006 r z globalnego GLBL Industries grup osoby oddalonych od brzegu i Orion poszedłem publicznych yearRead wszystko

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