Boston, MA -- (SBWIRE) -- 09/09/2013 -- 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: (Smith & Wesson Holding Corporation (NASDAQ:SWHC), Magnum Hunter Resources Corp (NYSE:MHR), ARMOUR Residential REIT, Inc.(NYSE:ARR), National Bank of Greece (ADR)(NYSE:NBG)
Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares gained 3.93% to $10.71. The company on Sept. 5 announced financial results for the fiscal first quarter ended July 30, 2013. Net sales for the first quarter were $171.0 million, up 25.8% from the first quarter last year, as the company continued to operate at maximum production capacity. Income from continuing operations for the first quarter was $26.5 million, or $0.40 per diluted share, compared with net income from continuing operations of $18.9 million, or $0.28 per diluted share, for the first quarter last year.
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Magnum Hunter Resources Corp (NYSE:MHR) shares increased 2.86% to $5.75. The company on Sept. 3 announced that it has declared a monthly cash dividend on the Company's 10.25% Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on the Company's 8.0% Series D Cumulative Preferred Stock and a monthly cash dividend on the Company's 8.0% Series E Cumulative Convertible Preferred Stock. The outstanding shares of Series E Preferred Stock are represented by depositary shares, each representing a 1/1,000th interest of a share of Series E Preferred Stock.
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ARMOUR Residential REIT, Inc.(NYSE:ARR) shares climbed 1.65% to $4.26. The company on August 27 announced that the Board of Directors has appointed Ms. Carolyn Downey as a new independent member of the Board of Directors of the Company, effective September 3, 2013.
With the appointment of Ms. Downey, the Company expects to regain compliance with Section 303A.01 of the New York Stock Exchange Listed Company Manual and Section 802(a) of the NYSE MKT LLC Company Guide, both which require a majority of independent directors on the Company's Board of Directors.
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National Bank of Greece (ADR)(NYSE:NBG) shares gained 4.25% to $4.17. The company on August 29 said that a strong performance by its Turkish subsidiary helped boost first-half profits to 344 million euros ($455 million), after deep losses a year ago. The company said its Turkish Finansbank unit recorded a 30% increase in first-half profits to 332 million euros.
The bank also said its overall provisions for bad loans fell from 1.2 billion euros a year ago to 853 million in January-June. In the first half of 2012, NBG recorded losses of 1.9 billion euros.
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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 sure you won’t be disappointed.
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