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: (Polycom Inc (NASDAQ:PLCM), Sunedison Inc (NYSE:SUNE), Coeur d'Alene Mines Corporation (NYSE:CDE), SUPERVALU INC. (NYSE:SVU)
Polycom Inc (NASDAQ:PLCM) shares increased 2.52% to $9.98. Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/plcm) on August 5 announces that a class action lawsuit has been filed in the District Court for the Northern District of California against Polycom, Inc. common stock during the period between July 24, 2012 and July 23, 2013, inclusive (the "Class Period").
Additionally, the company on August 7 announced that the latest Polycom® RealPresence® Resource Manager software v8.0 update gives large enterprise customers and service providers the ability to support up to 50,000 video user registrants joining from mobile, desktop or group video systems, helping IT organizations support the BYOD (Bring Your Own Device) trend..
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Sunedison Inc (NYSE:SUNE) shares gained 0.73% to $6.94. The company on August 7 said its semiconductor materials business will remain weak, after reporting a loss in its solar energy business that doubled in the second quarter from the first. Adjusted loss in the second quarter was 19 cents per share. Analysts on average had expected a loss of 14 cents per share. Total revenue halved to $401.3 million. The business reported a profit of $11.7 million in the second quarter of last year.
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Coeur d'Alene Mines Corporation (NYSE:CDE) shares decreased 2.15% and closed at $15.92. The company on August 8 reported metal sales of $204.5 million, cash flow from operating activities of $63.3 million, or $0.63 per share, and capital expenditures of $27.2 million during the second quarter 2013. The Company produced 4.6 million ounces of silver and 60,757 ounces of gold during the second quarter 2013, representing increases of 21% and 7%, respectively, over the first quarter 2013. Silver and gold production at the Palmarejo mine in Mexico increased 24% and 23%, respectively, compared to the first quarter.
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SUPERVALU INC.(NYSE:SVU) shares jumped 2.19% to $7.46. 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, compared with $41 million, or $0.19 a share, a year earlier. Analysts expected earnings per share of $0.06 for the quarter. 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 estimated 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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