Boston, MA -- (SBWIRE) -- 08/20/2013 -- 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: (SUPERVALU INC.(NYSE:SVU), Newcastle Investment Corp. (NYSE:NCT), Nuverra Environmental Solutions Inc (NYSE:NES), Smith & Wesson Holding Corporation (NASDAQ:SWHC)
SUPERVALU INC.(NYSE:SVU) shares dropped 3.49% to $7.20. 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. 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 expected earnings per share of $0.06 on revenues of $5.17 billion for the quarter.
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Newcastle Investment Corp. (NYSE:NCT) shares dropped 2.67% to $5.11. The company on August 7 reported that its second-quarter net income increased to $52.33 million or $0.20 per share, from $29.04 million or $0.21 per share, last year. Core earnings were $43.0 million or $0.16 per share, for the quarter. Income from continuing operations rose to $28.14 million or $0.10 per share, from $23.82 million or $0.17 per share, a year ago. Net interest income decreased to $40.83 million from $48.49 million last year.
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Nuverra Environmental Solutions Inc (NYSE:NES) stock decreased 5.56% to $2.72. The company on August 8 announced financial results for the second quarter ended June 30, 2013. Revenues for the second quarter of 2013 were $165.5 million.Net loss was $(12.8) million in the second quarter of 2013.
Looking forward, the Company expects second half 2013 revenues to be between $350 and $400 million, second half 2013 adjusted EBITDA to be between $75 and $85 million and second half 2013 capital expenditures of $25 to $30 million.
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares dropped 2.40% to $10.97. KeyCorp lowered shares of SWHC from a hold rating to an underweight rating in a research report released on August 15.
Additionally, the company on August 19 announced that it has successfully completed a new $75 million unsecured revolving credit facility (the "Credit Facility") that is expandable under an accordion feature that allows, in certain circumstances, for the company to increase the size of the Credit Facility in $25 million increments up to a maximum loan of $175 million. The new Credit Facility replaces the company's existing secured $55 million credit facility that was set to expire in December 2014. Proceeds will be used for general corporate purposes.
Is SWHC A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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