Posts Tagged ‘CECE Q4 2006 Earnings; Ceco Environmental’

CECE Q4 2006 Earnings

By: ispeculatornew | Date posted: 03.31.2007 (12:00 am)

CECE – Ceco Environmental (Nasdaq) (Closing Price on Friday 3/30/07 – $12.49)

I recommended buying Ceco Environmental a couple of months ago for a 31% gain in a little over two weeks. I gave my sell recommendation a little too soon but I have still been following the stock and I would recommend staying away from the company until they show an increase in earnings.

Ceco Environmental recently reported Q4 06 results on March 22. They posted earnings of 0.09 per diluted share on revenue of 41.5 million. Revenue improved but the lack of earnings growth was a huge problem. In Q2 06 Ceco Environmental had earnings of 0.12 per diluted share on revenues of 31.7 million. This quarter they had almost ten million more in revenue but had three cents less in earnings. The lack of earnings growth and the huge run-up in the share price was a bad combination and the stock price has taken quite a beating in the last week. (more…)