howling wolf

Coinstar Investors Counting Pennies That Don’t Exist

CSTR seems well managed. They used a marginally profitable business to gain a foothold inside WMT. Redbox will IPO and seems to be receiving a good reception. Will appeal to the impulse movie renter drawn by the $1 daily rental price, but will end up paying far more as that seeming $1 day multiplies each day the movie is retained.

Counting coins seems mundane, but they have used it to build recognition as an entree into the money transfer business. And while a penny may be worth less and less with each passing year, it will most certainly be around for years to come.