Boston, MA -- (SBWIRE) -- 09/03/2013 -- 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: (McDermott International (NYSE:MDR), Standard Pacific Corp. (NYSE:SPF), Aeropostale, Inc.(NYSE:ARO), SUPERVALU INC.(NYSE:SVU)
McDermott International (NYSE:MDR) shares decreased 4.36% to $13.60. CECO Environmental Corp. (NasdaqGM: CECE), a global leader in air pollution control systems, product recovery and filtration technology, announced on August 27 that it has completed the previously announced acquisition of Met-Pro Corporation. With pro forma revenues of approximately $300 million, the transaction creates a clear global market leader in air pollution control, product recovery and fluid handling technology.
Today's announcement follows shareholder approval of the transaction at each of the Special Meetings of CECO and Met-Pro, respectively, on August 26, 2013. Following the close of the market on August 27, 2013, Met-Pro common shares ceased trading on the NYSE.
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Standard Pacific Corp. (NYSE:SPF) shares decreased 1.79% to $7.14. 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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Aeropostale, Inc.(NYSE:ARO) shares fell 2.75% to $8.13. The company on August 22 forecast a third quarter loss. The company said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter.
The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
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SUPERVALU INC.(NYSE:SVU) shares fell 1.65% to $7.17. 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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