Boston, MA -- (SBWIRE) -- 08/08/2013 -- 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: (McDermott International (NYSE:MDR), Alpha Natural Resources, Inc. (NYSE:ANR), Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA), Northstar Realty Finance Corp. (NYSE:NRF)
McDermott International (NYSE:MDR) shares decreased 2.89% to $6.73. The company issued its quarterly earnings data on August 6. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.66. The company had revenue of $647.25 million for the quarter, compared to the consensus estimate of $757.87 million.
Additionally, the company, on August 5, announced that John T. McCormack, Executive Vice President and Chief Operating Officer, has advised the Company of his intention to retire, effective in the fourth quarter of this year. Mr. McCormack (age 66) has been with McDermott for ten years and has held his current role since 2011.
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Alpha Natural Resources, Inc. (NYSE:ANR) shares closed at $4.92. The company on August 2 reported a second quarter 2013 net loss of $186 million or $0.84 per diluted share compared with a net loss of $2.2 billion or $10.14 per diluted share in the second quarter of 2012. Adjusted net loss was $129 million or $0.59 per diluted share compared with adjusted net loss of $72 million or $0.33 per diluted share in the second quarter of 2012.
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Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shares increased 2.13% to $25.44. The 52 week trading range for the company is $24.67 - $80.76. Direxion Daily Small Cap Bear 3X Shares (the Fund), formerly Direxion Small Cap Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index).
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Northstar Realty Finance Corp. (NYSE:NRF) shares decreased 0.21% to $9.55. The company on August 2 announced its results for the second quarter ended June 30, 2013. Net loss to common stockholders for the second quarter 2013 was $(12.6) million, or $(0.06) per diluted share, compared to a net loss of $(77.5) million, or $(0.62) per diluted share for the second quarter 2012.
Additionally, the company, on August 6, announced that it has priced an underwritten public offering of 35 million shares of common stock at a public offering price of $9.60 per share. The Company has granted the underwriters a 30-day option to purchase up to 5.25 million additional shares of common stock. The offering is expected to close on August 9, 2013.
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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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