What the author also did not state is that CECE has been buying up companies that compliment its business profile. The reason for the turn to a negative on the last quarter was largely due to the purchase of those companies.
Now with that said I'm not real comfortable with Phillip DeZrwirek and his "son's" other "business" relationship. The financial statements do not make that scenarion real clear to me. It almost seems as the current management is only interested in lining the personal pockets and totally disregarding its share holders.
CECE does continue to close orders and is building a great backlog of business. The compaines it has purchased are adding to that backlog as well.
Catalysts Sending CECO Environmental Higher [View article]
Now with that said I'm not real comfortable with Phillip DeZrwirek and his "son's" other "business" relationship. The financial statements do not make that scenarion real clear to me.
It almost seems as the current management is only interested in lining the personal pockets and totally disregarding its share holders.
CECE does continue to close orders and is building a great backlog of business. The compaines it has purchased are adding to that backlog as well.
I am a long time holder of CECE