Boston, MA -- (SBWIRE) -- 08/28/2013 -- 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: (Merrimack Pharmaceuticals Inc (NASDAQ:MACK), OfficeMax Inc (NYSE:OMX), LeapFrog Enterprises, Inc. (NYSE:LF), Newcastle Investment Corp. (NYSE:NCT)
Merrimack Pharmaceuticals Inc (NASDAQ:MACK) shares declined 7.16% to $3.37. The company on August 22 announced that the British Journal of Cancer has published the paper "A Multinational Phase 2 Study of Nanoliposomal Irinotecan Sucrosofate (PEP02, MM-398) for Patients with Gemcitabine-Refractory Metastatic Pancreatic Cancer" in its latest issue. The Phase 2 study evaluated MM-398 (liposomal irinotecan sucrosulfate) monotherapy in patients with metastatic pancreatic cancer previously treated with gemcitabine-based therapy.
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OfficeMax Inc (NYSE:OMX) shares declined 2.03% and closed at $10.63. The company on August 26 announced it is expanding its technology security, support, cloud storage and data recovery services and products to provide businesses and consumers with peace of mind that they are getting the most out of their laptops and tablets. The move also makes OfficeMax the only national retailer to offer fast in-store data recovery from internal hard drives, from PCs, Apple(®) devices and USB drives.
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LeapFrog Enterprises, Inc. (NYSE:LF) shares decreased 6.67% to $9.93. The company, on August 1, announced financial results for the second quarter ended June 30, 2013. Second quarter 2013 net sales were $83.0 million, up 16% compared to $71.5 million last year. Net loss (GAAP) for the second quarter was $3.3 million, an improvement of 59% compared to $8.1 million a year ago. Net loss per basic and diluted share (GAAP) was $0.05, an improvement of $0.07, or 58%, compared to $0.12 a year ago.
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Newcastle Investment Corp. (NYSE:NCT) shares dropped 1.12% to $5.30. The company on August 7 reported that its second-quarter net income increased to $52.33 million or $0.20 per share, from $29.04 million or $0.21 per share, last year. Core earnings were $43.0 million or $0.16 per share, for the quarter. Income from continuing operations rose to $28.14 million or $0.10 per share, from $23.82 million or $0.17 per share, a year ago. Net interest income decreased to $40.83 million from $48.49 million 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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