iShares Breakthrough Environmen (NASDAQ:ETEC)

We are placing Emtec on the GeoSpecial on the Radar list. A  weak economy has impacted its commercial business, while its government business has remained stable, enabling it to remain profitable in recent quarters and experience 28.57% EPS growth in its fiscal first quarter. Its a little too early to tell if this story has any legs yet, but

• The stock is selling right around book
• Insiders  have began nibbling at stock even as it sells near its 52 week high.
• Management have issued some positive comments.

"We are excited about the continued operating performance of the business. Our federal and education businesses continue to perform strongly. While the declines in our EGS business are concerning, they were not unexpected given the current economic environment. We continue to experience challenges in the commercial market place, however, we believe our industry diversification has softened the blow of the economic downturn versus our competitors. We continue to focus on selling our portfolio of services into our client base and feel this will eventually lead to strong growth in all our businesses," said Dinesh Desai, Chairman and Chief Executive Officer of Emtec.

Source: First quarter press release.