Boston, MA -- (SBWIRE) -- 08/16/2013 -- 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: (Cree, Inc.(NASDAQ:CREE), SandRidge Energy Inc. (NYSE:SD), MGIC Investment Corp.(NYSE:MTG), Health Management Associates, Inc. (NYSE:HMA)
Cree, Inc.(NASDAQ:CREE) shares decreased 4.93% to $55.93. The company on August 13 announced revenue of $375.0 million for its fourth quarter of fiscal 2013, ended June 30, 2013. This represents a 22% increase compared to revenue of $306.8 million reported for the fourth quarter of fiscal 2012, and a 7% increase compared to the third quarter of fiscal 2013. GAAP net income for the fourth quarter was $28.2 million, or $0.23 per diluted share, an increase of 182% year-over-year compared to GAAP net income of $10.0 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2012.
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SandRidge Energy Inc. (NYSE:SD) shares jumped 1.34% to $5.28. The company on August 6 provided an update on the execution of its 2013 development plan and reported financial and operational results for the quarter and six months ended June 30, 2013. Net loss applicable to common stockholders of $34 million, or $0.07 per diluted share, for second quarter 2013 compared to net income available to common stockholders of $804 million, or $1.46 per diluted share, in second quarter 2012. Adjusted net income of $44.6 million, or $0.08 per diluted share, for second quarter 2013 compared to adjusted net income of $36.8 million, or $0.07 per diluted share, in second quarter 2012.
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MGIC Investment Corp.(NYSE:MTG) shares decreased 1.95% to $7.04. 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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Health Management Associates, Inc. (NYSE:HMA) shares fell 0.91% and closed at $13.05. Activist investor Glenview Capital Management said on August 12 a majority of shareholders in Health Management Associates Inc (HMA.N) have voted to oust the U.S. hospital chain's board and replace it with Glenview's slate of directors, throwing a wrench into HMA's plans to be acquired by Community Health Systems Inc (CYH.N).
Additionally, SunTrust lowered shares of HMA from a buy rating to a neutral rating in a research report released on August 6. SunTrust currently has $13.78 price objective on the stock.
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