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: (Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), TiVo Inc.(NASDAQ:TIVO), Office Depot Inc (NYSE:ODP), Hecla Mining Company(NYSE:HL)
Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) shares surged 22.45% to $6.71. 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). The primary endpoint is overall remission rate (Complete Remission or CR; Complete Remission with Incomplete hematologic recovery or CRi/CRp).
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TiVo Inc.(NASDAQ:TIVO) shares gained 4.69% to $11.48. The company on August 27 announced the highest net revenue and profit in the company's history and sharp subscriber growth, prompting the company to predict profits ahead for the foreseeable future.
The company reported a a net profit in the quarter ended July 31 of $268.9 million, or $1.96 a share, from a loss of $27.7 million, or 23 cents a share, a year prior. Adjusted loss were $13.1 million. In May, TiVo had predicted a net loss of $13 million to $16 million and service-and-technology revenue of $68 million to $70 million. Revenue for the fiscal second quarter ended July 31 jumped more than 53% to $100 million. Service-and-technology revenue in particular grew 42% to $77 million.
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Office Depot Inc (NYSE:ODP) shares increased 2.94% to $4.20. Analysts at SunTrust raised their price objective on shares of MHR from $6.50 to $7.00 in a research report issued to clients and investors on August 22. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 20 announced that negotiations it initiated to reach a good-faith compromise with its largest shareholder, Starboard Value LP, ahead of the Company's Annual Meeting of Shareholders on August 21, have not resulted in an agreement. Office Depot initiated the negotiations after hearing from its shareholders that they were supportive of adding new perspectives to the Company's Board.
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Hecla Mining Company(NYSE:HL) shares climbed 0.60% to $3.67. The company will begin trading ex-dividend on August 22, 2013. A cash dividend payment of $0.0025 per share is scheduled to be paid on September 03, 2013. Shareholders who purchased HL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the on August 8 announced a second quarter net loss of $25.0 million, or $0.08 per basic share, and a loss after adjustments applicable to common shareholders of $10.2 million, or $0.03 per basic share.
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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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