Boston, MA -- (SBWIRE) -- 08/29/2013 -- 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: (Spirit Realty Capital Inc (NYSE:SRC), Millennial Media, Inc.(NYSE:MM), DiamondRock Hospitality Company (NYSE:DRH), American Equity Investment Life Holding (NYSE:AEL)
Spirit Realty Capital Inc (NYSE:SRC) shares closed at $8.71. The company on August 8 said second-quarter funds from operations, or FFO, was $21.4 million or $0.25 per share from $19.4 million or $0.49 per share in the same period last year. Adjusted FFO for the quarter was $37.9 million or $0.45 per share. Analysts expected the company to earn $0.19 per share for the quarter. Second-quarter loss widened to $11.7 million or $0.14 per share from $8.8 million or $0.34 per share last year. Revenues totaled $72.8 million, up 7.2 percent from $68.0 million. Analysts expected revenues of $73.22 million.
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Millennial Media, Inc.(NYSE:MM) shares increased 0.30% to $6.61. The company agreed to acquire Jumptap Inc. for about $225 million in stock, scooping up a competitor in the market for mobile-device advertising. Jumptap investors will get about 24.6 million Millennial Media shares, based on their Aug. 9 price.
Additionally, the company on August 12 reported financial results for the second quarter ended June 30, 2013. For the second quarter of 2013, net income (loss), on a GAAP basis, was $(3.1) million, compared to net income (loss) of $(2.2) million for the second quarter of 2012. For the second quarter of 2013, on a GAAP basis, basic and diluted net income (loss) per share attributable to common stockholders was $(0.04), compared to basic and diluted net income (loss) per share attributable to common stockholders of $(0.03) for the second quarter of 2012.
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DiamondRock Hospitality Company (NYSE:DRH) shares fell 2.28% to $9.85. The company on August 19 announced that the Lexington New York City hotel has officially joined the Autograph Collection by Marriott International, Inc. The 725-room hotel is being reinvented with a transformative $46 million renovation that makes the Lexington one of the most unique hotels in New York with its Art Deco theme throughout the iconic building. The hotel is now available through all relevant Marriott International booking channels and guests enjoy the full benefits of the Marriott Rewards program.
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American Equity Investment Life Holding (NYSE:AEL) shares jumped 1.99% to $19.49. The company on August 23 announced that it intends to commence exchange offers to purchase for cash and, in certain circumstances, newly issued shares of its common stock, any and all of its $200 million principal amount of outstanding 3.50% Convertible Senior Notes due 2015 and any and all of its $115,839,000 principal amount of outstanding 5.25% Contingent Convertible Senior Notes due 2029. These exchange offers are being made upon the terms and subject to the conditions set forth in the Company's Preliminary Prospectuses, dated August 23, 2013, and the related Letters of Transmittal.
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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 be disappointed.
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