Boston, MA -- (SBWIRE) -- 08/19/2013 -- 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: (McDermott International (NYSE:MDR), Dendreon Corporation(NASDAQ:DNDN), Fusion-IO, Inc.(NYSE:FIO), Forest Oil Corporation (NYSE:FST)
McDermott International (NYSE:MDR) shares decreased 0.83% to $7.18 in the last trading session. 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.
Additionally, the company, on August 5, announced that John T. McCormack, Executive Vice President and Chief Operating Officer, has advised the Company of his intention to retire, effective in the fourth quarter of this year. Mr. McCormack (age 66) has been with McDermott for ten years and has held his current role since 2011.
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Dendreon Corporation(NASDAQ:DNDN) shares increased 0.95% to $3.18. The company on August 8 reported results for the second quarter ended June 30, 2013. Net product revenue for the quarter was $73.3 million compared to $80.0 million for the quarter ended June 30, 2012, down 8.4% year over year and up 8.4% on a sequential basis. Net loss in the second quarter of 2013 was $68.8 million, or $0.45 per share, compared to a net loss of $96.1 million, or $0.65 per share for the same period in 2012.
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Fusion-IO, Inc.(NYSE:FIO) shares decreased 0.56% to $10.74. The company on August 7 said its fourth-quarter loss widened to $23.8 million, or 24 cents per share, in the fourth quarter, from $2.4 million, or 3 cents per share, a year earlier. Excluding items, company posted a loss of 3 cents per share. Analysts had expected a loss of 3 cents per share on revenue of $110.2 million.
Additionally, the company on August 5 announced that its Board of Directors has appointed John F. Olsen, age 61, as a director of the company, effective August 1, 2013. Olsen served as president and chief operating officer of Business Objects, a provider of business intelligence solutions, from 2001 to 2004, before becoming a private investor.
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Forest Oil Corporation (NYSE:FST) shares gained 1.54% to $5.29. The company on August 6 said it swung to a second-quarter profit on fewer charges, though the company's revenue sank. The company reported a profit of $33.4 million, or 28 cents a share, compared with a year-ago loss of $511.2 million, or $4.44 a share. Adjusted per-share earnings were flat at six cents a share. Revenue declined 14% to $116.8 million. Analysts were expecting earnings of a penny a share on revenue of $120 million.
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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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