Boston, MA -- (SBWIRE) -- 08/29/2013 -- 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: (Aeropostale, Inc.(NYSE:ARO), ARMOUR Residential REIT, Inc.(NYSE:ARR), Forest Oil Corporation (NYSE:FST), AuRico Gold Inc(NYSE:AUQ)
Aeropostale, Inc.(NYSE:ARO) shares fell 0.59% to $8.38. The company on August 22 forecast a third quarter loss. The company said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter.
The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
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ARMOUR Residential REIT, Inc.(NYSE:ARR) shares gained 1.21% to $4.17. 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, effectiveSeptember 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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Forest Oil Corporation (NYSE:FST) shares fell 3.56% to $5.42. The company on August 6 said it swung to a second-quarter profit on fewer charges. 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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AuRico Gold Inc(NYSE:AUQ) shares fell 0.66% to $4.50. The company released its earnings data on August 9. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $57.66 million for the quarter, compared to the consensus estimate of $53.51 million. During the same quarter last year, the company posted $0.08 earnings per share. AuRico Gold’s revenue was up 110.0% compared to the same quarter last year.
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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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