Boston, MA -- (SBWIRE) -- 09/12/2013 -- 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: (Staples, Inc. (NASDAQ:SPLS), Gold Fields Limited (ADR)(NYSE:GFI), Cliffs Natural Resources Inc(NYSE:CLF), News Corp(NASDAQ:NWSA)
Staples, Inc. (NASDAQ:SPLS) stock jumped 1.24% to $14.73. The company announced on Sept. 10 that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on October 17, 2013, to shareholders of record on September 27, 2013.
Additionally, the company on August 21 reported weaker-than-expected quarterly results on dismal sales in international markets such as Europe and Australia, prompting the largest U.S. office supply retailer to cut its outlook for the year.
Net earnings fell to $102.5 million, or 16 cents a share in the second quarter that ended on August 3, from $120.4 million, or 18 cents a share a year earlier. Analysts on average were expecting a profit of 18 cents a share. Sales fell 2 percent to $5.31 billion, falling short of the analysts' average estimate of $5.37 billion. Sales in the international business lost 8 percent.
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Gold Fields Limited (ADR)(NYSE:GFI) shares increased 1.40% to $5.07. The company on August 22 announced that it has entered into a binding sale and purchase agreement with Barrick Gold Corporation (Barrick) to acquire its interests in the Granny Smith, Lawlers and Darlot gold mines (collectively the Yilgarn South Assets) in Western Australia, for a consideration of US$300 million, subject to downward working capital adjustments to a maximum of US$30 million.
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Cliffs Natural Resources Inc(NYSE:CLF) shares decreased 0.63% to $23.64. The company on August 29 announced that the United Steelworkers Union local membership have ratified a three-year labor contract agreement for its Bloom Lake Mine in Fermont, Quebec. The new labor agreement covers approximately 300 represented workers.
Duke Vetor, executive vice president, global operations services, commented, "We are pleased to reach a new labor contract with mutually aligned performance objectives that is fair and equitable to both parties. This labor agreement provides Cliffs with a sustainable cost structure and a highly skilled workforce that will be key to our ability to stay competitive in a challenging global market. Cliffs values our longstanding relationship with the United Steelworkers and we are pleased to begin this new chapter in Quebec."
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News Corp(NASDAQ:NWSA) shares gained 2.99% to $17.05. Southeastern Asset Management Inc. (NWS), the investment firm that joined Carl Icahn in opposing Dell Inc. (DELL)’s buyout, acquired a 12 percent voting stake in News Corp., making it the largest shareholder after Chairman Rupert Murdoch.
The 23.8 million-share Class B stake, disclosed in a regulatory filing on Sept. 11, is valued at about $397 million, based on a closing price of $16.72. The investment accounts for about a 4.1 percent economic interest in New York-based News Corp., the publishing business split off in June from Murdoch’s film and television division.
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