Boston, MA -- (SBWIRE) -- 08/19/2013 -- 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), Boyd Gaming Corporation (NYSE:BYD), Goodrich Petroleum Corporation (NYSE:GDP), TiVo Inc.(NASDAQ:TIVO)
InvenSense Inc (NYSE:INVN) shares decreased 1.69% to $6.32. 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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Boyd Gaming Corporation (NYSE:BYD) shares dropped 2.43% to $11.63. The company on August 1 announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. Total gross proceeds from the offerings will be approximately $198,000,000, exclusive of any proceeds attributable to the underwriters' possible exercise of their option to purchase additional securities. The closing of the public offering is expected to occur on or about August 7, 2013, subject to customary closing conditions.
Additionally, the company on July 30 reported a second quarter net income of $11.6 million or $0.13 per share compared with $0.97 million or $0.01 per share during the same quarter last year. The company reported adjusted breakeven per share for the quarter. The company posted net revenues of $738.7 million, from $614.1 million during the comparable quarter last year. Analysts expected the company to report breakeven per share on revenues of $740.33 million for the quarter.
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Goodrich Petroleum Corporation (NYSE:GDP) shares increased 5.42% to $23.16 in the last trading session. The company on August 14 announced the pricing of its public offering of $120 million of non-convertible, perpetual preferred stock through the issuance of 4,800,000 depositary shares each representing a 1/1000th ownership interest in a share of the Company's non-convertible 9.75% Series D Cumulative Preferred Stock. In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to 720,000 additional depositary shares to cover over-allotments, if any. The offering is expected to settle and close on Monday, August 19, 2013, subject to customary closing conditions.
Is GDP A Good Buy After The Recent Price Movement? Find Out Here
TiVo Inc.(NASDAQ:TIVO) shares declined 1.01% to $10.76. The company announced that it will release financial results for the second quarter ended July 31, 2013 after market close on Tuesday, August 27, 2013. TiVo will host a conference call and webcast to discuss the second quarter financial and operating results as well as guidance outlook for the third quarter at 2:00 pm PT (5:00 pm ET) on the same day.
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