Boston, MA -- (SBWIRE) -- 08/20/2013 -- 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: (Cousins Properties Inc (NYSE:CUZ), Renewable Energy Group Inc (NASDAQ:REGI), Dole Food Company, Inc.(NYSE:DOLE), Hercules Offshore, Inc.(NASDAQ:HERO)
Cousins Properties Inc (NYSE:CUZ) shares decreased 2.51% to $9.71. The company on August 14 announced the sale of The Avenue Murfreesboro for $163 million. The project, a 752,000-square-foot open-air retail center in suburban Nashville, Tennessee, was owned through a 50/50 joint venture between Cousins and Faison Enterprises. Cousins' portion of the net proceeds is approximately $36 million. These funds will be used to partially fund its pending $1.1 billion Texas office portfolio acquisition, currently scheduled to close in mid-September.
Is CUZ A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Renewable Energy Group Inc (NASDAQ:REGI) stock dropped 14.76% to $12.88. The company on July 31 said it has completed the purchase of a 30-million gallon per year capacity biodiesel plant in Mason City, Iowa, formerly owned by Soy Energy, LLC. Former Soy Energy, LLC unit holders approved the sale in a vote Monday, July 29. Pursuant to the purchase agreement, REG acquired the biorefinery for $11 million in cash and the issuance of a $5.6 million promissory note. Due to a post-closing adjustment, the note was reduced to $5.1 million.
Is REGI A Good Buy After The Recent Price Movement? Find Out Here
Dole Food Company, Inc.(NYSE:DOLE) shares closed at $13.46. DOLE and David H. Murdock, Dole's Chairman and Chief Executive Officer, on August 12 jointly announced that they have signed a definitive merger agreement pursuant to which Mr. Murdock, acting through his affiliates, will acquire for cash all of the outstanding shares of Dole common stock not currently beneficially held by him. Under the terms of the merger agreement, Dole stockholders will receive $13.50 in cash for each share of Dole common stock that they hold, in a transaction which (with the assumption of debt) places the total enterprise value of Dole at approximately $1.6 billion.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares declined 2.76% to $6.70. The company, on July 31, said its second-quarter loss narrowed as the company reported stronger revenue amid dayrate improvement, though again faced significant one-time charges that dragged down results. The company reported a loss of $27.4 million, or 17 cents a share, compared with a year-ago loss of $55.1 million, or 35 cents a share. The company posted adjusted profit of a penny, compared with loss of 10 cents a year earlier. Revenue improved 37% to $211.5 million. Analysts recently predicted an adjusted profit of five cents a share on revenue of $225 million.
How Should Investors Trade HERO After The Recent Volatility? Get Free Report Here
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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