Boston, MA -- (SBWIRE) -- 09/16/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Belo Corp (NYSE:BLC), II-VI, Inc. (NASDAQ:IIVI), Silvercorp Metals Inc. (USA) (NYSE:SVM), Alpha Natural Resources, Inc. (NYSE:ANR)
Belo Corp (NYSE:BLC) shares dropped 2.38% to $13.96. The company on Sept. 5 announced full support of TVB's position on local Live Plus Same Day ("L+SD") ratings data. As demonstrated in the final 2012/2013 TV season data and most recently in the June and July data (as reported by Nielsen), local L+SD ratings most closely approximate today's national C3 data, and should be the minimum ratings standard for local television viewing.
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II-VI, Inc. (NASDAQ:IIVI) shares fell 2.37% to $18.56. The company on Sept. 12 said it has acquired the Zurich, Switzerland-based semiconductor laser business (the "Business") of Oclaro, Inc. (Nasdaq: OCLR) in a transaction valued at $115 million.
The acquisition provides II-VI with semiconductor laser technology used in industry-leading laser system products including fiber lasers and direct diode lasers for material processing, medical, consumer and fiber optic communication applications. The gallium arsenide semiconductor laser business was originated by IBM Zurich and was integrated with the gallium arsenide semiconductor laser assets in Tucson, Arizona acquired from Newport Spectra-Physics in 2009. II-VI will operate the Business as II-VI Laser Enterprise GmbH.
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Silvercorp Metals Inc. (USA) (NYSE:SVM) shares declined 2.37% to $3.30. The company, on Sept. 12, provides a production update for the Ying Mining District.
In light of the significant decline in precious metal prices over the last several months, as previously announced the company has been reviewing its operations to identify any potential cost saving measures to better adapt to the new price environment. One of the review's key findings is that dilutive practices of mining contractors for ore production at Ying Mining District has contributed to head grade decline as reported in the previous two quarterly financial reports.
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Alpha Natural Resources, Inc. (NYSE:ANR) shares decreased 2.36% to $6.21. Alpha Natural on Sept. 6 has been initiated with an Underperform at Macquarie on Sept. 6 with a price target of $5.
Additionally, the company on August 28 announced topline results from the ongoing phase 2 of SGI-110 in patients with AML and MDS. The Phase 2 study is a randomized study of SGI-110 given either as 60 or 90 mg/m2 daily for 5 days in a 28-day course. As of end of June data cutoff, 67 AML patients had a minimum follow up of 3 months (50 patients representing the complete cohort of relapsed/refractory AML, and 17 patients in the treatment-naive elderly AML not suitable for induction chemotherapy cohort).
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Here at Winston we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t sure you won’t be disappointed.
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