Ezenia! Inc (EZEN)

[Phantom_Trader]

I'm looking at the whole picture and how undervalued it is at these levels. The history and management philosophy tell me that management believes in the company, hence the insider buys and no dilution or change in SS in over 5 years. I also like this from the Financials Report:

""In the first quarter of 2010, our new product for the commercial market is currently undergoing beta trials with targeted announcement planned for the summer timeframe. Despite elaborate approval procedures in the DoD procurement process, our main product InfoWorkSpace scored several renewal orders and expansion in two facets of the Intelligence Community and Command and Control in Air Force Operations. While these bookings will not be reflected immediately due to the pro-rata recognition of our license revenue, they are expected to contribute positively to our cash balance once invoiced and collected. In addition, Ezenia also enjoyed a committed backlog of training and consulting services of approximately $500,000 at year end." Mr. Nguyen concluded, "The management team is dedicated in its efforts to build on the momentum of the first quarter and expand our business for the rest of the year. While many serious and difficult challenges remain ahead, with anticipated new product announcements and targeted focus on specific accounts within the DoD, we are striving to return the Company to profitability."


Tells me things are in the works and the company is dedicated to achieving results and profitability! I just ultimately think this current PPS is a joke and it should correct iself...seems like they are lining things up here IMO!