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CECO Environmental Corp. (CECE) Message Board

  • rrtzrealmd rrtzrealmd Sep 5, 2013 12:50 PM Flag

    Leery of Met-pro acquisition...

    ...to me it appears they overpaid for Met-pro by quite a bit -- like maybe 5-6 bucks a share...maybe they can come up with some efficiencies that will knock the edge off the cost to shareholders but given their business, I have a hard time believing they will...nevertheless, earnings have been improving and increasing volume suggests investors are paying more attention...but I think I'll have to wait to see at least at little of the Met-pro effect before committing any funds...

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    • Did you take into consideration of the amount of cash they bring ?? I doubt it...Its 40 million plus!!!!!!!!!! ..It wasn't cheap ,but your overstating it ..If you don,t believe in what management is doing sell then... IM NOT

    • I agree that they overpaid. My concern now is the honesty of the management. the Chairman "retired" just before the SEC banned him. So who replaces him? His son! Is that really a change? "Public" companies where the stock is controlled by one family can be a good investment for a while (this has been) but eventually the lack of real independent directors can lead to things like what the old Chairman was called on the SEC carpet for.

 
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