Boston, MA -- (SBWIRE) -- 09/09/2013 -- 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: (Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), Polycom Inc (NASDAQ:PLCM), Mattress Firm Holding Corp (NASDAQ:MFRM), Goodrich Petroleum Corporation (NYSE:GDP)
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares gained 1.39% to $5.84. The company on Sept 6 announced that it has entered into a settlement agreement with Wockhardt USA, LLC and Wockhardt Ltd. (collectively, "Wockhardt") to resolve pending patent litigation in response to Wockhardt's abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) capsules. The settlement agreement grants Wockhardt the right to begin selling a generic version of NUEDEXTA on July 30, 2026, or earlier under certain circumstances.
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Polycom Inc (NASDAQ:PLCM) shares increased 0.96% to $10.53. The company on Sept. 5 announced that Green Cross International, an organization that aims to ensure a sustainable future for humanity and our environment, enlisted Polycom to stream its milestone anniversary Earth Dialogues events live via video.
Additionally, Law Offices of Howard G. Smith on August 30 announces that investors of PLCM have until September 24, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Northern District of California on behalf of a class comprising all purchasers of Polycom securities between July 24, 2012 and July 23, 2013, inclusive.
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Mattress Firm Holding Corp (NASDAQ:MFRM) shares declined 14.63% to $35.59. The company on Sept. 6 announced its financial results for the second fiscal quarter (13 weeks) ended July 30, 2013. Net sales for the second fiscal quarter increased 15.5% to $302.5 million. The Company reported second fiscal quarter earnings per diluted share ("EPS") on a generally accepted accounting principles ("GAAP") basis of $0.41, and EPS on a non-GAAP adjusted basis, excluding acquisition-related and ERP system implementation costs ("Adjusted"), of $0.43.
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Goodrich Petroleum Corporation (NYSE:GDP) shares increased 6.18% to $24.93. The company on August 27 announced it has closed on the previously announced acquisition of a 66.7% working interest in 277,000 gross acres and 750 barrels of oil per day effective March 1, 2013. The closing price after purchase price adjustments was $23.7 million, which was funded with available cash. At closing the Company's borrowing base increased to $243 million, with nothing currently drawn. The Company intends to spud its initial well on the acquired acreage in October 2013.
Is GDP A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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