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The 10 Best Stocks of 2013 Through Q3

See how the picks stack up heading into the homestretch

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#9: Great Lakes Dredge & Dock

Q3 Return: -4%
YTD Return: 
Greg Harmon

Greg Harmon’s pick of Great Lakes Dredge & Dock (GLDD) has been consistent so far this year, but only as a member of the bottom three.

GLDD was actually the biggest Q2 gainer, lifting it out of last place. However, the stock’s 4% slide during the past three months still puts its year-to-date total return an ugly 16% in the red.

Great Lakes Dredge & Dock has been weighed down by a host of issues, including an accounting error that forced the company to restate earnings for the second and third quarters of 2012. That event led to a class-action lawsuit and a selloff.

On top of that, the company’s recent earnings report left a lot to be desired as revenue, gross profit margin and adjusted EBITDA all fell … while expenses and the company’s net loss grew.

That’s a tough turn of events for Harmon, who was banking on the dredging company’s technical strength at the start of the year.

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