Boston, MA -- (SBWIRE) -- 08/20/2013 -- 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: (Forest Oil Corporation (NYSE:FST), Fusion-IO, Inc.(NYSE:FIO), Magnum Hunter Resources Corp (NYSE:MHR), DCT Industrial Trust Inc. (NYSE:DCT)
Forest Oil Corporation (NYSE:FST) shares declined 0.19% to $5.28. The company on August 6 said it swung to a second-quarter profit on fewer charges, though the company's revenue sank. 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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Fusion-IO, Inc.(NYSE:FIO) shares decreased 1.02% to $10.63. The company on August 7 said its fourth-quarter loss widened to $23.8 million, or 24 cents per share, in the fourth quarter, from $2.4 million, or 3 cents per share, a year earlier. Excluding items, company posted a loss of 3 cents per share. Analysts had expected a loss of 3 cents per share on revenue of $110.2 million.
Additionally, the company on August 5 announced that its Board of Directors has appointed John F. Olsen, age 61, as a director of the company, effective August 1, 2013. Olsen served as president and chief operating officer of Business Objects, a provider of business intelligence solutions, from 2001 to 2004, before becoming a private investor.
Is FIO A Good Buy After The Recent Price Movement? Find Out Here
Magnum Hunter Resources Corp (NYSE:MHR) shares decreased 5.15% to $4.05. The company on August 9 announced financial and operating results for the three months and six months ended June 30, 2013. Total revenue increased 98% to $84.0 million for the second quarter of 2013, as compared to total revenue of $42.5 million for the second quarter of 2012. Net income for the second quarter of 2013 was $151.3 million or $0.89 per share.
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DCT Industrial Trust Inc. (NYSE:DCT) shares dropped 1.46% to $6.74. The company on August 9 announced that it priced a public offering of 20,000,000 shares of common stock at a price per share of $7.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 3,000,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Citigroup and Jefferies acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about August 13, 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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