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: (Krispy Kreme Doughnuts (NYSE:KKD), OmniVision Technologies, Inc. (NASDAQ:OVTI), Cousins Properties Inc (NYSE:CUZ), Office Depot Inc (NYSE:ODP)
Krispy Kreme Doughnuts (NYSE:KKD) shares fell 15.11% to $19.72. The company on August 29 reported financial results for the second quarter of fiscal 2014, ended August 4, 2013. The Company also reaffirmed its adjusted earnings per share guidance in the range of $0.59 to $0.63 per share for the full year.
For the second quarter ended August 4, 2013, revenues increased 10.4% to $112.7 million from $102.1 million. Adjusted net income was $9.6 million ($0.14 per share) compared to $8.2 million ($0.12 per share) in the second quarter last year.
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OmniVision Technologies, Inc. (NASDAQ:OVTI) shares decreased 16.08% to $15.45. The company on August 29 reported financial results for the first quarter of fiscal 2014 that ended on July 31, 2013. Revenues for the first quarter of fiscal 2014 were $373.7 million, as compared to $336.2 million in the fourth quarter of fiscal 2013, and $258.1 million in the first quarter of fiscal 2013. GAAP net income in the first quarter of fiscal 2014 was $23.1 million, or $0.42 per diluted share, as compared to net income of $8.9 million, or $0.17 per diluted share in the fourth quarter of fiscal 2013, and $2.3 million, or $0.04 per diluted share in the first quarter of fiscal 2013. Non-GAAP net income in the first quarter of fiscal 2014 was $31.7 million, or $0.55 per diluted share. Non-GAAP net income in the fourth quarter of fiscal 2013 was $17.5 million, or $0.31 per diluted share.
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Cousins Properties Inc (NYSE:CUZ) shares fell 1.68% and closed at $9.93. The company on August 14 announced the sale of The Avenue Murfreesboro for $163 million. The project, a 752,000-square-foot open-air retail center in suburban Nashville, Tennessee, was owned through a 50/50 joint venture between Cousins and Faison Enterprises. Cousins' portion of the net proceeds is approximately $36 million. These funds will be used to partially fund its pending $1.1 billion Texas office portfolio acquisition, currently scheduled to close in mid-September.
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Office Depot Inc (NYSE:ODP) shares decreased 0.71% to $4.19. The company on August 29 announced the results of its previously announced cash offer to purchase any and all of its $250,000,000 in aggregate principal amount of outstanding 9.75% Senior Secured Notes due 2019 (CUSIP 676220AG1 and U67518AC1) (the "notes") pursuant to its offer to purchase dated July 30, 2013 (the "Offer to Purchase"). As of the expiration time of the offer (11:59 p.m., Eastern time, August 28, 2013), the Company did not receive any valid tenders from holders of the notes.
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