Boston, MA -- (SBWIRE) -- 09/09/2013 -- 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: (Boyd Gaming Corporation (NYSE:BYD), Organovo Holdings Inc (NYSEMKT:ONVO), Ruckus Wireless Inc (NYSE:RKUS), Hercules Offshore, Inc.(NASDAQ:HERO)
Boyd Gaming Corporation (NYSE:BYD) shares fell 1.75% to $11.76. The company on August 1 announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. Total gross proceeds from the offerings will be approximately $198,000,000.
Additionally, the company on July 30 reported a second quarter net income of $11.6 million or $0.13 per share compared with $0.97 million or $0.01 per share during the same quarter last year. The company reported adjusted breakeven per share for the quarter. The company posted net revenues of $738.7 million, from $614.1 million during the comparable quarter last year. Analysts expected the company to report breakeven per share on revenues of $740.33 million for the quarter.
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Organovo Holdings Inc (NYSEMKT:ONVO) stock fell 5.38% to $5.63. The company on August 12 reported on its financial results for the three-month period ended June 30, 2013. For the three months ended June 30, 2013, total revenues were approximately $0.1 million were $0.2 million or 67% below the approximately $0.3 million in revenues for the same period in 2012. The Company also had negative cash flow from operations of $2.7 million during the three months ended June 30, 2013, with end-of-period cash and cash equivalents of approximately $12.8 million and an accumulated deficit of $70.1 million.
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Ruckus Wireless Inc (NYSE:RKUS) shares jumped 1.73% to $15.30. The company announced that Selina Lo, president and CEO, and Seamus Hennessy, chief financial officer, will be presenting at the Deutsche Bank's dbAccess Technology Conference in Las Vegas, NV on Wednesday, September 11, 2013.
Additionally, the company on July 31 announced financial results for its second quarter of 2013 ended June 30, 2013. Revenue for the second quarter of 2013 was $63.9 million, an increase of 30.6% from the second quarter of 2012. GAAP net income for the second quarter of 2013 was $0.7 million, compared with GAAP net income of $20.6 million in the second quarter of 2012. Non-GAAP net income for the second quarter of 2013 was $4.7 million.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares climbed 1.97% to $7.78. Wunderlich Securities analyst Todd P. Scholl initiated coverage on Hercules Offshore on Sept. 4 with a Buy rating and $13.00 price target.
Additionally, the company, on Sept. 3, announced that it has signed a contract with Cairn India Limited for use of the Hercules Triumph (formerly Discovery Triumph) in the Indian Ocean. Total contract value is approximately $36.6 million, which includes approximately $13 million of mobilization and demobilization fees, to be earned over an estimated 110 days. Contract commencement is expected in late October 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 sure you won’t be disappointed.
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