Boston, MA -- (SBWIRE) -- 08/16/2013 -- 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: (DCT Industrial Trust Inc. (NYSE:DCT), Yelp Inc (NYSE:YELP), Maxim Integrated Products Inc. (NASDAQ:MXIM), Louisiana-Pacific Corporation (NYSE:LPX)
DCT Industrial Trust Inc. (NYSE:DCT) shares dropped 3.03% to $7.03. The company on August 9 announced that it priced a public offering of 20,000,000 shares of common stock at a price per share of $7.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 3,000,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Citigroup and Jefferies acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about August 13, 2013
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Yelp Inc (NYSE:YELP) stock decreased 6.04% to $47.75. JPMorgan Chase & Co. upgraded shares of Yelp from a neutral rating to an overweight rating in a research report sent to investors on August 1. The firm currently has $52.00 price target on the stock, up from their previous price target of $32.00.
Additionally, the company on July 31 announced financial results for the second quarter ended June 30, 2013. Net loss in the second quarter of 2013 was ($878,000) or $(0.01) per share, compared to a net loss of $(2.0) million, or $(0.03) per share, in the year ago period. Net revenue was $55.0 million in the second quarter of 2013, a 69% growth in net revenue from the second quarter of 2012.
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Maxim Integrated Products Inc. (NASDAQ:MXIM) shares declined 3.41% to $27.76. The company on August 15 said it would buy Volterra Semiconductor Corp (VLTR.O) for about $605 million to strengthen its business that makes low-energy chips. Demand for chips that provide higher computing power using less energy is rising due to greater adoption of mobile devices. Maxim's offer of $23 per Volterra share represents a premium of 55 percent to the stock's closing price on Wednesday.
Is MXIM A Good Buy After The Recent Price Movement? Find Out Here
Louisiana-Pacific Corporation (NYSE:LPX) shares jumped 0.19% to $15.97. The company on August 6 reported results for the second quarter of 2013. For the second quarter of 2013, LP reported income from continuing operations of $94 million, or $0.65 per diluted share, as compared to a loss from continuing operations of $37 million, or $0.27 per diluted share for the second quarter of 2012. The results for the second quarter of 2013 included a gain on acquisition of $36 million.
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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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