NEW YORK (TheStreet) — If you’re a current Coinstar investor Thursday’s earnings release must have felt like getting a DVD stuck halfway in the machine while running late on your way to work.
Coinstar’s stock increased about 6% from a year ago and remains in a bullish trend. Coinstar’s CEO Paul Davis announced revenue growth of 22%. While part of the perceived weakness looking forward is attributed to rental weakness, Coinstar and Redbox continue to mint mountains of coins.
At least most of the market cap losses appear to be baked in the cake at this point. Coinstar is currently valued with a price-to-earnings ratio of only 10. …
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