August 29, 2004
SpeculatingStocks.com Stock Pick: Eagle Broadband, Inc. (EAG)
Stock Price: $0.17 (long-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.
EAG has plummeted from a high of $0.98 on November 29th of last year. The company is now beginning to restructure after appointing a new CEO. EAG is near its 52-week low and should only move higher from here.
Third quarer results included revenue of $2.97 million and net loss of $3.95 million, an improvement of 58% over a $9.33 million loss for the second quarter.
The company is in several high growth technology sectors, and will begin to grow fast under the right management.
SpeculatingStocks.com Target Price: We expect EAG to reach $0.40 within the next 3-6 months with strong upside surprises possible.