Boston, MA -- (SBWIRE) -- 08/26/2013 -- 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: (NII Holdings, Inc.(NASDAQ:NIHD), McDermott International (NYSE:MDR), AK Steel Holding Corporation(NYSE:AKS), EXCO Resources Inc (NYSE:XCO)
NII Holdings, Inc.(NASDAQ:NIHD) shares increased 5.51% to $6.32. The company on Aug. 19 announced it has completed the previously announced sale of its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for an aggregate value of $410.6 million, which reflects estimated adjustments for cash, debt and working capital balances as of the closing date. The transaction, which was structured as a purchase of the shares of NII's indirect subsidiary, Nextel del Peru S.A. ("Nextel Peru"), was completed as part of NII's previously announced strategy to focus its capital and other resources primarily in Mexico and Brazil, its two largest markets.
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McDermott International (NYSE:MDR) shares decreased 2.22% to $7.48. Glancy Binkow & Goldberg LLP on August 20 announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of a class comprising all purchasers of the common stock of McDermott International, between November 6, 2012 and August 5, 2013, inclusive.
Additionally, the company issued its quarterly earnings data on August 6. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.66. The company had revenue of $647.25 million for the quarter, compared to the consensus estimate of $757.87 million.
Is MDR A Good Buy After The Recent Price Movement? Find Out Here
AK Steel Holding Corporation(NYSE:AKS) shares gained 2.31% to $3.55. The company on August 21 said that it has reached an agreement to settle an action brought on behalf of the U.S. Environmental Protection Agency and Commonwealth of Kentucky under the Clean Air Act and other statutes and regulations with respect to AK Steel's former Ashland, Kentucky coke plant. The agreement was reached without admission of the alleged violations by AK Steel.
Additionally, the company on August 16 said that members of the United Steelworkers (USW) Local 1865 union have ratified an 18-month labor agreement covering more than 800 hourly production and maintenance steel operations employees at the company's Ashland (KY) Works.
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EXCO Resources Inc (NYSE:XCO) shares dropped 0.53% to $7.50. The company on August 5 announced second quarter results for 2013. Adjusted net income was $0.10 per diluted share for the second quarter 2013 compared with $0.05 per diluted share for the second quarter 2012. GAAP results were net income of $86 million, or $0.40 per diluted share, for the second quarter 2013 compared with a net loss of $496 million, or $2.32 per diluted share, for the second quarter 2012.
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