CECO Announces 33 New Orders

CECO Environmental Corp ticker symbol (CECE) rose over 9% today as they announced a total of 33 new orders each valued at over $200,000. The largest was in the automotive sector, and was worth more than 2.5 million. The recent addition of Fisher Klosterman even contributed to the orders which is a good sign that the acquisition is going well. If you follow this company closely you could have seen this one coming. Multiple insiders were buying up the stock over the past week and CECO tends to announce orders like this throughout the quarter. These type of announcements tend to make the stock spike since it is a small cap stock at only 126 million in market cap.

Here is what the President and CEO had to say about the orders.

Rick Blum, President and Chief Operating Officer, commented, "As usual, our orders are coming from a wide variety of industries. The largest order, which is in excess of $2.5 million, was received from an automotive company. Another significant order was received from a tire manufacturer. The rest of the business came from the metals, power, electric equipment, ethanol, steel, aluminum, gypsum, refining, and copper smelting industries."

Phillip DeZwirek, Chairman and Chief Executive Officer, commented, "Fisher-Klosterman's China operation booked a significant order just last week. We are seeing ever increasing quoting activity in China and have already had established CECO customers visit the facility. Now that Fisher- Klosterman is part of CECO, we are in the process of establishing that facility as CECO Filters' manufacturing base in China along the lines of the facility that CECO Filters already has in India."

This stock has climbed over 25% in just the past 5 days, so I consider waiting till the dust settles before jumping into this one if you don't have a position already. I still believe this stock has simply been beaten up with the rest of the market and still represents a great value at these prices. Don't forget that it is always a good thing to see insiders putting their money where their mouth is as well... They think it is a bargain, do you?

For all of our articles on CECE click here.

Appetite For Destruction Or Just Risk?

As an investor it is very important to realize where you are in your life, and what exactly your investment goals are. Generally, if you are a younger investor you can tend to take on more risk or more "speculative plays" if you will. Now, this doesn't mean you should go out and buy all risky stocks, you always need those stable dividend paying stocks.

In fact, one of the ways the rich get richer is that they just purchase a few high paying, stable, dividend paying stocks. Then take those cash dividends that you receive quarterly, and invest them into more speculative stocks. Once you make a bit of mad money on your speculative stocks, cash out some, or all of them, and re-invest into your high paying dividend stocks or other safer investments. Rinse and repeat...

Of course, this does take a lot of money/stock to generate much in the form of cash dividends, but it is none the less very possible. I am sure there are many rich investors out there taking advantage of it all the time. As a small investor though, you might just not be aware of this trick of the trade.

Now, if you are an older individual it is more important to have steady stocks that pay large dividends as you can use this as a source income. Not only this, but you should have a fair amount of bonds, mutual funds and even cds as a source of income. The most boring investments after all, are the safest, and that it what you need going into retirement.

So, before you invest make sure you know what your goals are... and be sure not to take on too much risk as you can get burned. Since this is Stock Picky, I will leave you with two long term investments. Google (goog) for all you young fellows out there... there's this new thing called the Internet perhaps you've heard of it, and Royal Bank Of Canada (ry) for all of you grey haired folks which pays out a hefty dividend and has always been dedicated to increasing shareholder value.

Good luck with all your investments and let me know if you have any questions...

Vasco Data Securities Makes It's Way To The Middle East

Vasco Data Securities (VDSI) announced today that the leading
Middle Eastern bank Arab Bank will enhance the security of its
new Internet Banking Service with VASCO's Digipass GO 3 and
VACMAN Controller.  This comes just after Vasco's stock rose
12.5% just yesterday.  Today it is trading up another
4%, quite the gain in just two days!

Arab Bank is ranked among the largest international financial
institutions, with a capital base of over USD 6.9 Billion and
Total Assets of USD 38.3 billion. Arab Bank has an unmatched
Global Arab branch network with 400 branches spanning 28
countries in 5 continents. The bank offers a variety of
products and services covering four major areas: Personal
Banking, Corporate and Investment Banking (CIB), AB Private
Banking and Treasury.

"We are happy to have an important bank like Arab Bank among
our customers," says Jan Valcke, VASCO's President & COO.
"With the current surge of Internet crime, we acclaim the
initiative of Arab bank to depend on VASCO's strong
authentication and putting the security of their clients
first."

Arab Bank was established in 1930 and since its
inception has played a leading role in financing investment
and trade in the regions it operates,it has worked on
improving cooperation trade and investment within the
Middle East and North Africa region and the rest of the world.

Arab Bank has established branches in the Arab World and
major global financial centers with a giant branch network
spread out in 28 countries spanning five continents.

This is another huge win for Vasco Data Securities, they
have literally landed contracts with major banks all around
the world just this month!  Earlier they announced a major
contract with Banks in Japan and Sweden and this kind of
global exposure will result in repeat customers worldwide
as consumers continue to demand better security for their
online transactions.

This year has been a rough one for Vasco Data Securities
stock holders, but I think as a long term investment Vasco
is a great opportunity, especially at these price levels...