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OTC Journal Members:
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Riskless
Rebound Portfolio- Special Announcement |
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As we mentioned in last weekends'
edition, we are planning to publish a list of technology stocks trading
well below both their cash and book values. These stocks are the fallen
angels of the tech wreck.
We view some of these ideas as nearly
riskless as the stocks are oversold to the point where they are trading
below the cash they have per share with little or no debt. While they are
all losing money, one can assume these stocks have the potential to rebound
to at least their cash values with the NASDAQ surging nicely.
We have delayed the release of this
exciting edition as several of the companies had yet to release September
quarterly financial statements. We want to present these ideas based on
the most current balance sheets. Some of them have begun moving up in sympathy
with the NASDAQ's stellar performance this week, but we believe there is
plenty of upside room.
Our mid week edition will provide
some perspective on the state of the businesses of these companies, and
our riskless rebound ideas will be published next weekend.
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Energy Power
(OTC BB: EYPSF) - More Related News |
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We continue to receive boatloads
of email traffic on this stock. It is is a stand out for us in a difficult
year. The stock was trading at $2.34 on October 3rd, and made a
breath taking run to a high of $5.37 on October 11th. This
is a net move of 130% in an 8 day period- a throwback to 1999 and
early 2000. Click
Here to read our updated profile.
If you haven't made money on this
stock don't blame it on us. This is the fourth major high volume surge
the stock has enjoyed this year, and we believe there is more to come.
After the meteoric rise to $5.37,
the stock pulled back to the $3.50 level, and has now stabilized just under
$4. Up or down from here is anybody's guess in the short term, but high
volume surges to the upside are the norm for this stock, and positions
can still be established on pullbacks.
While the short term trading activity
is exciting, the long term prospects for the company's future improve everyday.
As a result of international turmoil and President Bush's fears of war
related interruptions of Middle Eastern oil, Bush's is energy policy
favors development of Canadian natural resources. Our friends to the north
are affectionately referring to this mega trend as the Bush Push.
Media coverage is fueling the increased
volume in Canadian natural resource stocks. An article appeared in last
Sunday's Toronto Star which we believe is a must read for anyone following
Energy
Power. Early in the article there is reference to Bush and Prime
Minister Jean Chrétien discussing new drilling initiatives in
Alberta, and area where Energy Power is currently exploring for
natural gas.
For inquiring minds who want to know,
here the lead in and a link to the whole article on the web:
| Toronto Star, October 21st edition
Fears fuel Bush's energy
agenda
Fortress America worries about imports - even
though Canada is principal supplier
William Walker
Washington Bureau
"OSAMA BIN LADEN'S next weapon of
terror against the United States could be an attack on its Persian Gulf
oil suppliers, a fact President George W. Bush knows all too well.
That's why he's counting on Canada,
in part, to play a crucial role in helping defend America from such devastating
circumstances." Click
Here to read remainder of this important article.
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Ceco
Environmental (NASDAQ: CECE) Rockets Up the Charts |
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There have been numerous small stocks
benefiting from the recent high profile incidents of Anthrax exposure.
Ceco
Environmental has been the beneficiary of a spectacular run this week.
One of our editors covered this stock
in 1998, and is familiar with their business. Ceco is one of the
largest air filter manufacturers in the United States, with annual sales
approaching $100 million.
The recently discovered air borne
version of Anthrax found in Senate offices is considered biological weapons
grade and has investigators very concerned.
In a press release issued Thursday,
Chairman
Philip DeZwerick pointed out that his company's filtration processes
have already been used in the destruction of biological weapons.
In the last seven days the stock
has been tearing up the charts. It was in the mid $2 range on October 18th,
and is now trading at a new 52 week high in the mid $4 range. Today the
stock pulled back a little, closing nearer to $4.
However, there may be more upside
in this surge. The company only has about 8 million shares issued and outstanding,
meaning the market capitalization is only $36 million with annual sales
approaching $100 million.
We anticipate further high profile
media coverage on this stock now that weapons grade airborne bio terrorism
agents have been detected. Do your homework and decide if you like this
idea.
Here is the complete text of their
press release for your review:
Thursday October 25, 8:08 am Eastern
Time
Press Release
SOURCE: CECO Environmental
CECO Environmental - Industry Leader
Calls For Higher Government Standards For Air Ventilation Systems To Tackle
Threat Of Bioterrorism
NEW YORK--(BUSINESS WIRE)--Oct. 25,
2001--The supplier of filtration systems to the U.S. military's chemical
weapons destruction program, CECO Environmental (NASDAQ: CECE - news),
is calling on governments to implement higher standards for air ventilation
systems in public buildings, including airports, subways, shopping centers
and schools.
The FBI has warned of the potential
for the release of toxic chemicals, such as cyanide, into air handling
systems of public buildings. Such systems have one or more fresh air intakes
and a blower or similar device that moves the air through the ventilation
system.
``Currently many of these facilities
have no effective filters at all in their ventilation systems,'' says Phil
DeZwirek, CECO's Chairman and CEO. ``Ventilation systems generally are
woefully outdated and there is nothing forcing contractors to upgrade them.''
The Building and Office Management Association (BOMA) has told its members
that the release of a toxic chemical into an air handling system is a credible
threat. ``Any release would be spread throughout the entire system within
five minutes or less'' according to BOMA, which has advised its members
to do all they can to make external fresh air intakes less accessible.
While CECO recognizes that this is
an important first step, it believes the air ventilation systems themselves
must be protected. ``We can do this today. CECO has had technology for
years, including filtering systems that capture airborne biological agents,''
says DeZwirek.
CECO has been involved with the chemical
weapons destruction program since its inception 15 years ago. Its filtering
systems were engineered into incinerators where several thousand tons of
Sarin and VX nerve gas and blister agents have so far been destroyed, along
with more than half a million rockets, bombs, mortars and mines.
``Our technology has successfully
filtered all particles from the incineration process,'' says DeZwirek.
CECO has more than three decades of experience dealing with industrial
air pollution. In addition, it has developed and deployed systems that
protect workers by successfully capturing deadly dust and poisonous gasses
that can be produced during the manufacturing process. Its clients include
numerous Fortune 100 companies including DuPont, Exxon and U.S. Steel.
``We have always been in the business of saving lives,'' says DeZwirek.
``We have built a $100-million dollar business in protecting workers and
the public at large from the scourge of industrial pollutants. Now we are
applying our vast knowledge and experience to an even more nefarious problem.''
CECO has established an internal task force to outline and provide recommendations
for immediately and affordably implementing technological solutions that
will help keep Americans safe in the commercial workplace.
``The military has safely destroyed
tons of deadly nerve gas with the help of CECO technology,'' DeZwirek says.
``Similar filters and air ventilation and purification systems can and
must be deployed to protect the American public.'' ABOUT CECO ENVIRONMENTAL
CECO Environmental Corp. is North America's largest independent air pollution
control company. Through its five subsidiaries -- Air Purator Corporation,
Busch Company, CECO Filters, kbd/Technic and Kirk & Blum - CECO manufactures
and distributes s a wide spectrum of air quality services and products
including: industrial air filters, high performance filter fabrics, environmental
maintenance, monitoring and management services, and air quality improvements
systems. CECO is a full-service provider to the steel, aluminium, automotive,
aerospace, semiconductor, chemical, cement, metalworking, glass, foundry,
military and virtually all industrial process industries. For more information
on CECO Environmental, please visit the company's website at www.cecoenviro.com.
This press release may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. All forward-looking statements are subject to certain risks,
uncertainties and assumptions. These risks and uncertainties, which are
more fully described in CECO's Annual and Quarterly Reports filed with
the Securities and Exchange Commission, include changes in market conditions
in the industries in which the Company operates. Should one or more of
these risks or uncertainties materialize, or should the assumptions prove
incorrect, actual results may vary in material aspects from those currently
anticipated.
--------------------------------------------------------------------------------
Contact:
Primoris
Group
Nick Boutsalis,
877/274-0274
ceco@primorisgroup.com
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