Boston, MA -- (SBWIRE) -- 08/14/2013 -- 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: (PulteGroup, Inc.(NYSE:PHM), MGIC Investment Corp.(NYSE:MTG), The Wendy's Company (NASDAQ:WEN), Groupon Inc (NASDAQ:GRPN)
PulteGroup, Inc.(NYSE:PHM) shares dropped 2.29% to $15.37. The company on July 25 announced second quarter net income of $36 million, or $0.09 per share. In the prior year's second quarter, PulteGroup reported net income of $42 million, or $0.11 per share. Home sale revenues for the second quarter increased 19% to $1.2 billion, compared with $1.0 billion last year.
Additionally, the company will begin trading ex-dividend on August 01, 2013. A cash dividend payment of $0.05 per share is scheduled to be paid on August 12, 2013. Shareholders who purchased PHM stock prior to the ex-dividend date are eligible for the cash dividend payment.
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MGIC Investment Corp.(NYSE:MTG) shares decreased 2.80% to $7.28. The company on July 23 reported net income for the quarter ended June 30, 2013 of $12.4 million, compared with a net loss of $273.9 million for the same quarter a year ago. Diluted earnings per share was $0.04 for the quarter ending June 30, 2013, compared to diluted loss per share of $1.36 for the same quarter a year ago. The net loss for the first six months of 2013 was $60.6 million, compared with a net loss of $293.4 million for the same period last year.
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The Wendy's Company (NASDAQ:WEN) shares declined 1.13% to $7.89. The company sold 30 restaurants in the St. Louis market to a partnership headed by former NBA player Junior Bridgeman and current player Chauncey Billups, as the fast-food chain looks to sell hundreds of company-owned locations. With this deal, Mr. Bridgeman, who is Wendy's second-largest franchisee, now has total or partial ownership of 196 Wendy's restaurants. The deal represents Mr. Billups's initial foray into the restaurant industry.
Additionally, the company on July 23 reported preliminary unaudited results for the second quarter ended June 30, 2013. The company posted quarterly net income of $12.2 million, or $0.03 per share, as against a loss of $5.5 million, or $0.01 per share, last year. Adjusted per-share earnings stood at $0.08 in the second quarter of 2013. Analysts expected earnings per share of $0.06 for the quarter. Consolidated revenues were $650.54 million this quarter, up compared with $645.87 million in the 2012 second quarter. Analysts estimated revenues of $655.94 million for the quarter.
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Groupon Inc (NASDAQ:GRPN) stock decreased 2.17% to $10.35. The company on August 7 said its second-quarter swung to a second-quarter loss as the company’s margins continued to weaken, though revenue improved.
In the latest period, Groupon reported a loss of $7.6 million, or a penny a share, compared with a year-earlier profit of $28.4 million, or four cents a share. Adjusted earnings were two cents a share, in line with analyst expectations. Revenue increased 7.1% to $608.7 million. The company in May projected revenue of $575 million to $625 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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