Sweet Contract For a small penny stock company such as League City, Texas based Eagle Broadband Inc.(EAG <http://finance.yahoo.com/q?s=EAG> ), a broadband, IP and communication service provider to government, military and corporations, nothing may be more exciting than new contracts. On Thursday, February 16, the penny stock company currently trading at 13 cents per share announced that it has secured two contracts <http://biz.yahoo.com/bizj/060216/1230278.html?.v=1> - from Renaissance Healthcare and Harborwalk in the greater Houston area on advanced IP network solutions. The next day the stock went up 8.33%.
Insider The insiders including employees, directors and institutions aren't supportive to the company as most transactions recently were sale of stock. The institutions have sold 2.1 million shares in the most recent quarter, up 17.7% from previous quarter.
Financial Looking at the financial statements, the company generated less revenue in fisical year 2005 than the previous year and also had wider net loss. Hopefully the new contracts will improve the financials of the company for fisical year 2006.
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