Boston, MA -- (SBWIRE) -- 08/26/2013 -- 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: (Cypress Semiconductor Corporation (NASDAQ:CY), New Residential Investment Corp (NYSE:NRZ), Thompson Creek Metals Company Inc (USA)(NYSE:TC), Sonus Networks, Inc.(NASDAQ:SONS)
Cypress Semiconductor Corporation (NASDAQ:CY) stock closed at $11.79. The company on August 5 announced that its Board of Directors has approved a quarterly cash dividend of $0.11 per share payable to holders of record of the Company's common stock at the close of business on September 26, 2013. This dividend will be paid on October 17, 2013.
Is CY A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
New Residential Investment Corp (NYSE:NRZ) stock gained 3.51% to $6.48. The company on August 7 reported information for the quarter ended June 30, 2013. Income available for common stockholders ("GAAP Income") of $52.3 million, or $0.20 per diluted share, an increase of 43% and 33%, respectively, compared to Q1 2013. Core earnings of $43.0 million, an increase from $37.4 million in Q1 2013, and core earnings per diluted share of $0.16, in-line with Q1 2013.
Is NRZ A Good Buy After The Recent Price Movement? Find Out Here
Thompson Creek Metals Company Inc (USA)(NYSE:TC) shares jumped 3.28% to $3.78. The company on August 8 announces that Jacques Perron will be joining the Company as Chief Executive Officer and Director. Mr. Perron will succeed Kevin Loughrey, Chairman and Chief Executive Officer, who previously announced his retirement. The effective date of Mr. Perron's appointment is expected to be no later than November 1, 2013.
Additionally, the company on August 8 reported better-than-expected adjusted earnings and as strong economic data out of China lifted commodities stocks. Net loss for the second quarter to June 30 widened to $19.2 million, or 11 cents a share, from a loss of $14.8 million, or 9 cents, a year earlier. Revenue rose to $117.8 million from $113.5 million. Adjusted earnings were $13.8 million, or 8 cents a share, compared with a loss of $10.6 million, or 6 cents, a year earlier. Analysts had been expecting earnings of 1 cent a share.
How Should Investors Trade TC After The Recent Volatility? Get Free Report Here
Sonus Networks, Inc.(NASDAQ:SONS) shares gained 2.94% to $3.50. The company on August 23 announced that as part of the Company's previously announced stock buyback program, it has agreed to repurchase approximately 7.4 million shares of the Company's common stock in a privately negotiated transaction with Galahad Securities Limited and its affiliated entities (together, the "Legatum Group") at $3.40 per share, the market closing price on August 22, 2013, for a total purchase price of approximately $25 million. The Company will pay for the share repurchase using cash on hand.
How Should Investors Trade SONS After The Recent Volatility? Get Free Report Here
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.
http://winstonsmallcap.com/and its owners, and their affiliates, directors and officers, and immediate family members, are hereafter collectively referred to as “WSC” or “we” or “us” or “our”). WSC publishes information (the “Information”) about publicly traded companies (the “Profiled Company” or the “Profiled Companies”) which has been obtained from various sources including publicly available sources on the internet. WSC does not undertake any due diligence or investigation of the Information it obtains or publishes.
Read Full Disclaimer at: http://winstonsmallcap.com/disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)