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: (United States Steel Corporation (NYSE:X), MGM Resorts International (NYSE: MGM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Denbury Resources Inc. (NYSE:DNR)
United States Steel Corporation (NYSE:X) shares declined 0.74% to $18.89. The company on July 29 swung to a second-quarter loss as the company recorded weaker bottom-line results in its flat-rolled, European and tubular segments. The company reported a loss of $78 million, or 54 cents a share, compared with a year-earlier profit of $101 million, or 62 cents a share. Adjusted year-earlier adjusted profit was 69 cents a share. Sales fell 12% to $4.43 billion as total steel shipments slipped 3.5%. Analysts had projected a per-share loss of 78 cents and revenue of $4.61 billion.
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MGM Resorts International (NYSE: MGM) shares dropped 1.27% to $17.14 in the last trading session. The company on August 13 unveiled the nation's first commercial fleet of compressed natural gas (CNG) fueled Cadillac Escalades during the National Clean Energy Summit at Mandalay Bay Resort & Casino today. Uniquely converted by World CNG, a nationally recognized leader in alternative fuel technology, the six EPA-certified luxury vehicles will service ARIA Resort & Casino and Bellagio Resort & Casino.
Additionally, the company on August 6 said its second-quarter loss narrowed as both domestic and China casino revenue improved. The company reported a loss of $93 million, or 19 cents a share, compared with a loss of $145.5 million, or 30 cents a share, a year earlier. Revenue jumped 6.5% to $2.67 billion. Analysts had most recently forecast earnings of one cent a share on revenue of $2.43 billion.
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AngloGold Ashanti Limited (ADR) (NYSE:AU) shares increased 8.96% to $15.08. The company on August 7 posted a solid operating result for the second quarter and provided an update on potential savings and efficiency improvements of as much as $482m next year that will help improve operating margins. Production for the three months to June 30 was 935,000oz at a total cash cost of $898/oz, compared to 899,000oz at $894/oz the previous quarter, and to AngloGold Ashanti's guidance of 900,000oz to 950,000oz at total cash costs of $900/oz to $950/oz.
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Denbury Resources Inc. (NYSE:DNR) stock dropped 0.17% to $17.37. The company on August 6 reported second quarter net income of $130 million or $0.35 per share, compared with $212 million or $0.54 per share during the same quarter last year. Adjusted net income for the quarter was $151 million or $0.41 per share, compared with $138 million or $0.35 per share. Analysts expected earnings per share of $0.34 for the quarter. Revenues, however, increased to $645 million, from $597 million last year. Analysts expected the company to report revenues of $637.51 million 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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