Wall Street Observer

Small Cap Stock Picking – Ocwen Financial (NYSE:OCN), Boulder Brands (NASDAQ:BDBD), Bob Evans Farms (NASDAQ:BOBE), Solazyme (NASDAQ:SZYM)

Wall Street Observer — Saturday, June 13, 2015

By Kurtis Sibley

Ocwen Financial Corp (NYSE:OCN) gained +3.47% to close last trading session at $11.02. The company and New Jersey Citizen Action (NJCA), on June 09, 2015, jointly hosted a June 4, 2015 borrower outreach event designed to provide information on innovative mortgage solutions for homeowners having difficulty making their mortgage payments. The dinner and information session was held for struggling homeowners interested in learning more on how New Jersey Citizen Action's free Loan Counseling Program can help homeowners find mortgage solutions. Follow-up appointments with HUD-certified counselors were scheduled for event attendees. Ocwen Home Retention counselors were also on-site Thursday evening to talk face-to-face with borrowers about their unique lending situations.

Boulder Brands Inc (NASDAQ:BDBD) rose +3.22% to end last trading session at $7.05. The company, on June 10, 2015, released that Steve Hughes has resigned as Chief Executive Officer and as a member of the Boulder Brands Board of Directors effective immediately. The Boulder Brands Board of Directors has appointed James B. Leighton, the Company`s Chief Operating Officer, to serve as Interim CEO. Mr. Leighton has served as Chief Operating Officer since October 2013 and has been a member of the Boulder Brands Board of Directors since August 2007. "On behalf of the Board and entire Boulder Brands team, I want to thank Steve for his contributions to the creation, development and growth of the Company," said Dean Hollis, Chairman of the Boulder Brands Board of Directors.

Bob Evans Farms Inc (NASDAQ:BOBE) advanced +2.91% to finish last trading session at $47.44. The company, on June 11, 2015, declared that its Board of Directors has authorized the Company to pursue a strategic transaction for a select portion of its restaurant properties. The decision follows the announcement in March 2015 that the Company had retained J.P. Morgan to assist with an evaluation of strategic alternatives for the Company's real estate. The Company said the transaction may take the form of either a sale-leaseback or a tax-free REIT conversion and spin-off. The decision as to which path to pursue will depend on a number of factors including, but not limited to: the performance of Bob Evans' business segments, and in particular the restaurant segment, market values for restaurant real estate, trading performance of publicly traded real estate companies, interest rates and U.S. economic conditions.

Solazyme Inc (NASDAQ:SZYM) added +2.76% to complete last trading session at $3.35. The company and Natura Cosmeticos S.A., on June 09, 2015, jointly reported that after successfully completing testing and product validation phases over the past year using Solazyme's oils, Natura is purchasing Solazyme's high-performance AlgaP\0x016BrTM Microalgae Oil, which will be incorporated into Natura's multiple product lines. Solazyme's microalgae oils are produced in a matter of days using a fermentation process designed to produce oils of the highest purity, performance and sustainability. Some of the benefits of using AlgaP\0x016Br oils for skin care are higher hydration levels, a silky but not greasy skin feel, mildness on the skin, neutral color and odor, and improved shelf life.

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