Back in June 2013, I made the pitch that shares of Outerwall (NASDAQ:OUTR) were woefully undervalued. At the time, the stock traded for just about $59 per share. Over the next few months, shares bounced around moving ~10% above and below the $59 range. All that changed in the middle of September when the company lowered its guidance for the upcoming Q3 2013 earnings period in addition to FY 2013. I suggest investors read the pre-announcement themselves for the full details. In a nutshell, the company lowered almost all operating metrics from the top to the bottom line with the explanation being that revenue per DVD rental was below prior expectations. This caused investors to dump shares of...
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