Boston, MA -- (SBWIRE) -- 09/09/2013 -- 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: (ARMOUR Residential REIT, Inc.(NYSE:ARR), Cirrus Logic, Inc.(NASDAQ:CRUS), McDermott International (NYSE:MDR), Molycorp Inc(NYSE:MCP)
ARMOUR Residential REIT, Inc.(NYSE:ARR) shares climbed 1.95% to $4.19. The company on August 27 announced that the Board of Directors has appointed Ms. Carolyn Downey as a new independent member of the Board of Directors of the Company, effective September 3, 2013.
With the appointment of Ms. Downey, the Company expects to regain compliance with Section 303A.01 of the New York Stock Exchange Listed Company Manual and Section 802(a) of the NYSE MKT LLC Company Guide, both which require a majority of independent directors on the Company's Board of Directors.
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Cirrus Logic, Inc.(NASDAQ:CRUS) shares declined 3.81% to $23.17. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
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McDermott International (NYSE:MDR) shares decreased 3.22% to $7.51. Glancy Binkow & Goldberg LLP on August 30 announces that all purchasers of McDermott International, securities between November 6, 2012 and August 5, 2013, inclusive, have until October 15, 2013 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of Texas.
Additionally, the announcement follows shareholder approval of the transaction at each of the Special Meetings of CECO and Met-Pro, respectively, on August 26, 2013. Following the close of the market on August 27, 2013, Met-Pro common shares ceased trading on the NYSE.
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Molycorp Inc(NYSE:MCP) shares closed at $6.35. The Law Offices of Kenneth A. Elan on Spet. 3 announces that it commenced a lawsuit against Molycorp, Inc. pursuing claims in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased Molycorp securities from August 2, 2012 through August 7, 2013 (the "Class Period").
Additionally, the company on August 8 announced financial and operating results for the second quarter of 2013. The Company reported a net loss of $0.36 per share for the quarter on an adjusted non-GAAP basis. The Company reported consolidated net revenues of $136.9 million during the second quarter of 2013, a 6% decrease over the first quarter of 2013.
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