Boston, MA -- (SBWIRE) -- 09/11/2013 -- 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: (Crocs, Inc. (NASDAQ:CROX), Standard Pacific Corp. (NYSE:SPF), Magnum Hunter Resources Corp (NYSE:MHR), EXCO Resources Inc (NYSE:XCO)
Crocs, Inc. (NASDAQ:CROX) shares declined 2.20% to $13.31. The company, on Sept. 10, lowered its financial outlook for the third quarter, citing weakness in its Americas region where orders in the wholesale channel and performance in the direct to consumer channel were both below its prior outlook.
The company now forecasts earnings in a range of $0.15 to $0.18 per share and revenues of $285 million to $295 million. Earlier, the company forecast earnings in a range of $0.20 to $0.23 per share on revenues of $300 million to $310 million. Analysts expect the company to report earnings of $0.23 per share on revenues of $305.08 million.
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Standard Pacific Corp. (NYSE:SPF) shares decreased 0.65% to $7.69. The company on August 1 announced the pricing of its previously announced public offering of senior notes and the increase in the amount of the offering to $300 million aggregate principal amount of notes. Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the notes offering.
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Magnum Hunter Resources Corp (NYSE:MHR) shares closed at $5.52. The company on Sept. 3 announced that it has declared a monthly cash dividend on the Company's 10.25% Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on the Company's 8.0% Series D Cumulative Preferred Stock and a monthly cash dividend on the Company's 8.0% Series E Cumulative Convertible Preferred Stock. The outstanding shares of Series E Preferred Stock are represented by depositary shares, each representing a 1/1,000th interest of a share of Series E Preferred Stock.
Is MHR A Good Buy After The Recent Price Movement? Find Out Here
EXCO Resources Inc (NYSE:XCO) shares declined 3.98% and closed at $7. The company on Sept. 10 announced BG Group plc ("BG Group") has elected not to acquire 50% of the recently acquired producing and undeveloped oil and gas assets in the Haynesville shale formation ("Haynesville"). EXCO closed the acquisition of the Haynesville assets on July 12, 2013 for a purchase price of $288 million, after customary preliminary purchase price adjustments. These assets were subject to BG Group's right to acquire a 50% interest, which was formally offered to BG Group on July 13, 2013.
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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 sure you won’t be disappointed.
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