Boston, MA -- (SBWIRE) -- 08/27/2013 -- 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: (Aeropostale, Inc.(NYSE:ARO), Novavax, Inc. (NASDAQ:NVAX), ARMOUR Residential REIT, Inc.(NYSE:ARR), RadioShack Corporation (NYSE:RSH)
Aeropostale, Inc.(NYSE:ARO) shares decreased 1.26% to $8.60. The company on August 22 forecast a deep third quarter loss, and said the highly promotional environment that has led it to cut prices and decimated earnings would continue in the back-to-school shopping period. The company also said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter.
The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
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Novavax, Inc. (NASDAQ:NVAX) shares declined 1.15% to $3.01. The company on August 22 announced the number of shares tendered to it during the extended acceptance period for its recommended public offer to acquire all issued and outstanding shares and warrants (warrants series 2005-I and 2005-II) of Isconova AB ("Isconova"), which was first communicated on June 4, 2013, (the "Offer"), and which was extended to August 20, 2013.
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ARMOUR Residential REIT, Inc.(NYSE:ARR) shares gained 0.74% to $4.07. The company on August 7 announced that, on August 5, 2013, the Company received a letter from the New York Stock Exchange ("NYSE") notifying the Company that it is deficient in meeting Section 303A.01 of the NYSE Listed Company Manual, which requires a majority of independent directors on the board of directors. The Company is deficient in meeting this standard as a result of Jordan Zimmerman's resignation as a director of the Company, effective August 2, 2013.
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RadioShack Corporation (NYSE:RSH) shares declined 3.51% to $3.30. The company on August 8 said it opened two new concepts stores in the New York area for a total of three. The company also revealed details of the development of a "low touch" format coming to select neighborhoods nationwide in the coming months. As part of RadioShack's emphasis on reinvigorating stores and repositioning its brand, the company is opening a select number of high-touch stores filled with interactive features and playful experiences in high-traffic, high-profile locations.
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