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: (InvenSense Inc (NYSE:INVN), Buckeye Technologies Inc. (NYSE:BKI), RF Micro Devices, Inc. (NASDAQ:RFMD), SUPERVALU INC.(NYSE:SVU)
InvenSense Inc (NYSE:INVN) shares decreased 1.04% to $17.09. Investment analysts at Needham & Company began coverage on shares of INVN in a note issued to investors on August 22. The firm set a “buy” rating and a $20.00 price target on the stock.
Additionally, the company on July 30 announced its first quarter fiscal year 2014 results. Net revenue for the first fiscal quarter of 2014 was $55.9 million, up from $39.2 million for the first fiscal quarter of 2013. Net income for the first fiscal quarter of 2014 was $10.3 million, up from $7.7 million for the first fiscal quarter of 2013. Diluted earnings per share for the first fiscal quarter of 2014 was $0.12, up from $0.09 for the first fiscal quarter of 2013.
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Buckeye Technologies Inc. (NYSE:BKI) shares fell 0.05% to $37.49. Georgia-Pacific LLC and Buckeye Technologies Inc. on August 23 said they have completed the previously announced acquisition of Buckeye by Georgia-Pacific. Under the merger agreement, all outstanding shares of Buckeye Technologies' common stock were converted into the right to receive $37.50 per share, net to the holder in cash, without interest, subject to any withholding of taxes required by applicable law. The transaction was valued at approximately $1.5 billion, including debt.
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RF Micro Devices, Inc. (NASDAQ:RFMD) stock increased 0.60% to $5.02. The company on August 14 announced that all agenda items at RFMD's 2013 Annual Meeting of Shareholders were approved by the shareholders.
Additionally, the company on July 23 reported financial results for the Company's fiscal 2014 first quarter, ended June 29, 2013. Quarterly revenue increased approximately 4.4% sequentially and 45% year-over-year to a record $293.0 million, compared to $280.6 million in the prior quarter and $202.7 million in the corresponding period of fiscal 2013.
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SUPERVALU INC.(NYSE:SVU) shares dropped 1.49% to $7.29. 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 higher 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 reached $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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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.
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