Boston, MA -- (SBWIRE) -- 09/11/2013 -- 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: (Kennedy-Wilson Holdings Inc (NYSE:KW), Cypress Semiconductor Corporation (NASDAQ:CY), Newcastle Investment Corp. (NYSE:NCT), Smith & Wesson Holding Corporation (NASDAQ:SWHC)
Kennedy-Wilson Holdings Inc (NYSE:KW) shares decreased 0.10% to $19.16. The company on Sept. 10 announced the pricing of its underwritten public offering of 6,000,000 shares of its common stock at a public offering price of $18.50 per share. The offering is expected to close on September 13, 2013, subject to customary closing conditions. Kennedy Wilson has also granted the underwriter of the offering a 30-day option to purchase up to 900,000 additional shares of common stock.
Is KW A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Cypress Semiconductor Corporation (NASDAQ:CY) stock increased 2.85% to $11.73. The company on Sept. 10 announced that LSI has selected Cypress's parallel nonvolatile Static Random Access Memories (nvSRAMs) for its new 12Gb/s SAS Host Bus Adapters (HBA) for high-performance servers, workstations and external storage systems. The nvSRAMs provide the SAS HBAs with high-speed and low-voltage fail-safe memory that enhances LSI's solutions. LSI also chose the parallel nvSRAM for its flexibility to operate at different voltages and for its established track record as a journal memory.
Is CY A Good Buy After The Recent Price Movement? Find Out Here
Newcastle Investment Corp. (NYSE:NCT) shares decreased 0.68% to $5.86. The company on Sept. 4 announced that it has acquired Dow Jones Local Media Group ("Local Media Group") from News Corp for $87 million. The Company made a total equity investment of $54 million, including transaction expenses, and financed the remainder of the purchase price with $33 million of debt. Local Media Group operates 33 local publications, including 8 daily and 15 weekly newspapers, in 7 states. Many of these publications have been providing vital local content to their communities for over 75 years.
How Should Investors Trade NCT After The Recent Volatility? Get Free Report Here
Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares declined 0.14% to $10.62. The company on Sept. 5 announced financial results for the fiscal first quarter ended July 30, 2013. Net sales for the first quarter were $171.0 million, up 25.8% from the first quarter last year, as the company continued to operate at maximum production capacity. Income from continuing operations for the first quarter was $26.5 million, or $0.40 per diluted share, compared with net income from continuing operations of $18.9 million, or $0.28 per diluted share, for the first quarter last year.
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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 sure you won’t be disappointed.
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