Boston, MA -- (SBWIRE) -- 08/28/2013 -- 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: (SUPERVALU INC.(NYSE:SVU), Forest Oil Corporation (NYSE:FST), JetBlue Airways Corporation(NASDAQ:JBLU), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)
SUPERVALU INC.(NYSE:SVU) shares dropped 2.34% to $7.10. The company on July 24 announced that as soon as practicable on or following August 7, 2013 the Company will grant Mr. Bruce Besanko stock options to acquire 225,000 shares of Company common stock with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date and 225,000 restricted stock shares of Company common stock.
Additionally, the company on July 18 posted first-quarter net earnings of $85 million, or $0.34 a share. Adjusted first-quarter fiscal 2014 net earnings from continuing operations totaled $34 million, or $0.14 a share. Quarterly net sales were $5.16 billion, compared with $5.24 billion last year. Analysts expected earnings per share of $0.06 on revenues of $5.17 billion for the quarter.
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Forest Oil Corporation (NYSE:FST) shares climbed 1.99% to $5.64. The company on August 6 said it swung to a second-quarter profit on fewer charges. The company reported a profit of $33.4 million, or 28 cents a share, compared with a year-ago loss of $511.2 million, or $4.44 a share. Adjusted per-share earnings were flat at six cents a share. Revenue declined 14% to $116.8 million. Analysts were expecting earnings of a penny a share on revenue of $120 million.
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JetBlue Airways Corporation(NASDAQ:JBLU) shares decreased 2.20% to $6.23. JetBlue Airways, New York's Hometown Airline(TM), and British Airways, on August 15 announced an interline agreement to connect the carriers' networks at New York's John F. Kennedy International Airport (JFK), Boston Logan International Airport (BOS), Orlando International Airport (MCO) and Washington Dulles International Airport (IAD), creating new possibilities for travelers.
Additionally, JBLU announces an exclusive live performance by the critically acclaimed rap group Goodie Mob on Monday, September 9, 2013 at 6 p.m. This exclusive concert marks the first hip hop performance as part of the airline's Live From T5 Concert series.
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock dropped 3.55% to $6.80. ARNA’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on August 5. The firm currently has a $7.40 price objective on the stock.
Additionally, the company on Aug. 1 said its second quarter revenues totaled $68.9 million, including $1.3 million in net product sales and $65.5 million in milestone payments. Net income allocable to common stockholders was $40.1 million, or $0.18 per 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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