July 8, 2004
SpeculatingStocks.com Stock Pick: Eagle Broadband, Inc. (EAG)
Stock Price: $1.02 (short-term strong buy)
Eagle Broadband, Inc. is a leading provider of broadband and communications technology and services. They are involved in HDTV, homeland security, and networking communications.
Yesterday, EAG received $4.9 million in new financing through private placement. The investment group commented that EAG is well positioned to capitalize on the rapidly growing broadband and communication markets.
Eagle Broadband is holding a special shareholders meeting on July 20th. The company has not yet released the reasons for this meeting. Good things should come out of this meeting.
EAG has been in the $0.80 - $1.20 since the end of April and has now settled mid-range. EAG ran to $2 twice in the past year from this level.
SpeculatingStocks.com Target Price: We expect EAG shares to run above $2 in the next few months.
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