Coinstar, Inc. (NASDAQ:CSTR)
CAPS Rating:
A multi-national company offering a range of solutions for retailers' storefronts consisting of self-service coin counting; entertainment services such as skill-crane machines, bulk vending machines and kiddie rides and e-payment services.
RSS Headlines
Fool UK
Recs
CSTR smashed Q3 Earnings projections. Then stock price fell roughly 15% due to market's thinking people won't pay $0.20 more to rent a DVD. Although it is a 20% increase in price; the increase is relatively small in terms of cash outlay to the consumer. I believe the market got this one wrong. Redbox will not lose customers over 20 cents. Stock price will be up over the next 3 months or so.