Coinstar Inc. ( CSTR) shares appear to have Netflix syndrome this morning.
FORBES: Coinstar Hikes DVD Rental Prices 20%; Shares Plummet in Response
Coinstar, parent of the Redbox video rental chain, this afternoon posted better-than-expected Q1 results.
My guess is that will happen sooner than later, and that Coinstar executives realize this.
FORBES: Coinstar Nickel And Dimes R&D With Netflix-Style Business Contest
Grant says Brinks can handle the paper money and Coinstar can process the coins.
And what does this have to do with Redbox, the ubiquitous DVD kiosks owned by Coinstar?
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In the U.S., gamers can load their Rixty accounts via Coinstar marchines, MoneyPak, and Rixty prepaid cards.
Coinstar operates automated bill E-pay machines, over 20, 000 coin counting machines, and over 20, 000 DVD rental kiosks.
Between these three mundane business lines, Coinstar has quietly been minting money going on twenty years now.
Redbox had 33, 300 kiosks as of June 30, according to a July 28 regulatory filing by Coinstar.
Other competitors in the services sector include: Coinstar (CSTR), DISH Network (DISH), and Time Warner (TWX).
Turns out, it was not an especially merry Christmas for Coinstar (CSTR).
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A. Davidson's Mr. Kraft, in his research note, wrote that Visa's price increase "represents a shock" for Coinstar Inc.
Coinstar (NASDAQ: CSTR), which owns the Redbox rental kiosks, dropped more than four percent shortly after the announcement.
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Coinstar expects to announced a partnership with a company to be determined to launch an online video service sometime in 2011.
Coming into their earnings release, Coinstar had about 28% of its shares held short as some traders doubted their business model.
Coinstar (CSTR) shares are taking a licking this morning after J.
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The company is working to "offset" the potential impact, "including obtaining from MasterCard and Visa rates for small dollar transactions, " Coinstar said.
Coinstar makes a killing with vending machines that are cheap and easy.
FORBES: Coinstar Nickel And Dimes R&D With Netflix-Style Business Contest
Citing higher operating expenses, CEO Paul Davis said that this was the first time in eight years that Coinstar has raised prices.
FORBES: Coinstar Hikes DVD Rental Prices 20%; Shares Plummet in Response
Furthermore, Coinstar must contend with the super hot Netflix as well as other means of rental such as through a cable provider.
The top pickers also bought up shares of Coinstar (nasdq: CSTR - news - people ) a small Bellevue, Wash.
For investors, there appears to be an opportunity to profit alongside Coinstar as they continue to grow these seemingly simple but profitable business lines.
Coinstar ( CSTR), which in addition to its namesake coin-counting kiosks, operates the fast-growing Redbox DVD rental sites, has been consolidating price gains since mid-May.
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Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), offers new release DVD rentals through its network of conveniently located, self-service kiosks.
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Analyst sentiment about Coinstar has waned during the last three months.
In the fourth quarter, the fund opened a position in Coinstar.
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Coinstar leaped almost 20% higher on Friday after a very solid earnings report and upwardly revised guidance, as the rest of the market slipped nearly 2%.
Against this unsettling backdrop, Netflix also has been facing stiffer competition from familiar foe in Hulu.com and new video-streaming services from Amazon.com Inc. and Coinstar Inc.
Coinstar shares are taking some heat after hours Thursday following a disappointing third quarter financial report from the parent of the Redbox video rental kiosk chain.
The big winner overnight is Coinstar ( CSTR), which is up almost 20% after seeing a dramatic rise in revenues and EPS that handily surpassed analyst expectations.
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