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: (Cousins Properties Inc (NYSE:CUZ), Hercules Offshore, Inc.(NASDAQ:HERO), Rentech, Inc.(NYSEAMEX:RTK), SUPERVALU INC.(NYSE:SVU)
Cousins Properties Inc (NYSE:CUZ) shares closed at $10.13. The company on August 14 announced the sale of The Avenue Murfreesboro for $163 million. The project, a 752,000-square-foot open-air retail center in suburban Nashville, Tennessee, was owned through a 50/50 joint venture between Cousins and Faison Enterprises. Cousins' portion of the net proceeds is approximately $36 million. These funds will be used to partially fund its pending $1.1 billion Texas office portfolio acquisition, currently scheduled to close in mid-September.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares climbed 2.08% and closed at $7.13. The company, on July 31, said its second-quarter loss narrowed as the company reported stronger revenue amid dayrate improvement, though again faced significant one-time charges that dragged down results. The company reported a loss of $27.4 million, or 17 cents a share, compared with a year-ago loss of $55.1 million, or 35 cents a share. The company posted adjusted profit of a penny, compared with loss of 10 cents a year earlier. Revenue improved 37% to $211.5 million. Analysts recently predicted an adjusted profit of five cents a share on revenue of $225 million.
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Rentech, Inc.(NYSEAMEX:RTK) shares closed at $1.95 in the last trading session. The company on August 8 announced its results for the three and six months ended June 30, 2013, and updated its 2013 guidance. Revenues for the three months ended June 30, 2013 were $104.0 million, compared to $70.6 million for the comparable period in the prior year. Net income was $28.7 million or $0.74 per basic unit, for the current period.
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SUPERVALU INC.(NYSE:SVU) shares dropped 1.13% to $7.02. The company on July 24 announced that as soon as practicable on or following August 7, 2013 the Company will grant Mr. Bruce Besanko stock options to acquire 225,000 shares of Company common stock with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date and 225,000 restricted stock shares of Company common stock.
Additionally, the company on July 18 posted first-quarter net earnings of $85 million, or $0.34 a share. Adjusted first-quarter fiscal 2014 net earnings from continuing operations totaled $34 million, or $0.14 a share. Quarterly net sales were $5.16 billion, compared with $5.24 billion last year. Analysts expected earnings per share of $0.06 on revenues of $5.17 billion for the quarter.
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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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