Boston, MA -- (SBWIRE) -- 08/15/2013 -- 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: (PennyMac Mortgage Investment Trust(NYSE:PMT), Molycorp Inc(NYSE:MCP), Spirit Realty Capital Inc (NYSE:SRC), McDermott International (NYSE:MDR)
PennyMac Mortgage Investment Trust(NYSE:PMT) shares declined 4.54% to $22.10 in the previous trading session. The company on August 14 announced the pricing of an underwritten public offering of 11,300,000 common shares of beneficial interest. The underwriters have a 30-day option from the date of the offering to purchase up to an additional 1,695,000 shares from the Company. The underwriters have offered the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale. Settlement of the offering is subject to customary closing conditions and is expected to occur on August 19, 2013.
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Molycorp Inc(NYSE:MCP) shares decreased 1.03% to $6.75. The company on August 8 announced financial and operating results for the second quarter of 2013. For the quarter, the Company reported a net loss of $0.44 per share. The Company reported a net loss of $0.36 per share for the quarter on an adjusted non-GAAP basis. The Company reported consolidated net revenues of $136.9 million during the second quarter of 2013, a 6% decrease over the first quarter of 2013. The decline in revenues was primarily attributable to lower product volumes and slightly lower ASPs.
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Spirit Realty Capital Inc (NYSE:SRC) shares declined 0.89% to $8.91. The company on August 8 said second-quarter funds from operations, or FFO, improved to $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 attributable to common stockholders 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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McDermott International (NYSE:MDR) shares increased 0.83% to $7.26. The company issued its quarterly earnings data on August 6. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.66. The company had revenue of $647.25 million for the quarter, compared to the consensus estimate of $757.87 million.
Additionally, the company, on August 5, announced that John T. McCormack, Executive Vice President and Chief Operating Officer, has advised the Company of his intention to retire, effective in the fourth quarter of this year. Mr. McCormack (age 66) has been with McDermott for ten years and has held his current role since 2011.
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