Boston, MA -- (SBWIRE) -- 09/12/2013 -- 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: (Chimera Investment Corporation (NYSE:CIM), United Rentals, Inc. (NYSE:URI), IAMGOLD Corporation (USA)(NYSE:IAG), MGM Resorts International (NYSE: MGM)
Chimera Investment Corporation (NYSE:CIM) shares declined 1.69% to $2.91. The Board of Directors of Chimera Investment Corporation on August 23 declared the third quarter 2013 common stock cash dividend of $0.09 per common share. This dividend is payable October 31, 2013, to common shareholders of record on October 4, 2013. The ex-dividend date is October 2, 2013.
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United Rentals, Inc. (NYSE:URI) shares declined 4.04% to $55.34. The company on July 16 said Tuesday that it returned to a second-quarter profit as the equipment rental company benefited from the rebounding construction market and a year-ago acquisition.
For the three months ended June 30, net income totaled $83 million, or 78 cents per share. That compares with a loss of $52 million, or 63 cents per share, in the same period last year. Adjusted per-share earnings grew to $1.12 from 66 cents. Analysts expected 99 cents per share, according to FactSet. Revenue rose 22 percent, to $1.21 billion from $993 million. Analysts expected $1.22 billion.
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IAMGOLD Corporation (USA)(NYSE:IAG) shares decreased 1.07% to $5.56. The company on August 12 reported its unaudited consolidated financial and operating results for the second quarter ending June 30, 2013. Revenues for the second quarter 2013 were $301.1 million, down $63.4 million from the same prior year period. Adjusted net earnings attributable to equity holders for the second quarter 2013 were $30.2 million ($0.08 per share) compared to $75.3 million ($0.20 per share) for the same prior year period. Net losses attributable to equity holders for the second quarter 2013 were $28.4 million ($0.08 per share), compared to net earnings of $52.9 million ($0.14 per share) in the second quarter 2012.
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MGM Resorts International (NYSE: MGM) shares jumped 0.32% to $19.10. The company on Sept. 6 was ordered to rehire a condominium sales employee and pay about $325,000 in damages under whistle-blower provisions of the Sarbanes-Oxley Act.
The employee worked at The Signature at MGM Grand, a condominium and hotel complex on the Las Vegas Strip, according to a statement yesterday from the U.S. Department of Labor’s Occupational Safety and Health Administration.
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