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Facebook Invades Netflix and RedBox's Turf

Facebook logoThe sale of DVDs is going the way of the PC -- both have seen their market share dwindling. In a world of instant information, streaming videos are replacing DVDs. Last year, DVD sales fell by 43% to $7.8 billion from $13.7 billion in 2006, The Wall Street Journal reported.

There is another accompanying trend that reinforces streaming videos. Customers are spending more time online. Add the multiplier of time spent on social networks and it's streaming video hands down.

Continue reading Facebook Invades Netflix and RedBox's Turf

Analyst Calls: ADBE, AOL, CAT, CSTR, FITB, GG, GPS, MDAS, RIG, WFC ...

Analyst Upgrades

  • Wells Fargo (WFC) to conviction buy from neutral at Goldman.
  • Adobe (ADBE) to buy from neutral at UBS.
  • Fifth Third Bancorp (FITB) to outperform from market perform at FBR Capital.
  • Vail Resorts (MTN) and Goldcorp (GG) to buy from hold at Deutsche Bank.
  • OmniVision (OVTI) to overweight from neutral at JPMorgan.
  • Penn Virginia (PVA) to hold from sell at Canaccord.
  • Hub Group (HUBG) to outperform from market perform at Morgan Keegan.

Continue reading Analyst Calls: ADBE, AOL, CAT, CSTR, FITB, GG, GPS, MDAS, RIG, WFC ...

Coinstar's Big Drop: Buy or Ignore It?

Coinstar logoCoinstar (CSTR) fell dramatically during Thurday's after-hours session. You had to feel bad for the company's shareholders. Imagine, a big drop for the owner of the great, media-game-changing Redbox?

Yep, it's true. Shares of the company, which counts Netflix (NFLX) as a colleague, lost over 24% to land at $43.05 after closing the regular session down slightly to $56.95. The 52-week high for the stock is $67.56 while the 52-week low is $25.37. Sure, $43.05 may not be as ugly as $25.37, but it's still ugly, my fellow investors.

Continue reading Coinstar's Big Drop: Buy or Ignore It?

Coinstar: Time To Buy or Sell?

Coinstar (CSTR) is, without a doubt, a very compelling stock to watch. I've been both bullish and bearish on the idea over the last several months. The one-year chart shows some fascinating price action. It makes one want to buy the name, but at the same time, I'm sure many investors wonder what the future will be like for the owner of the Redbox DVD-rental kiosk (i.e., how will it specifically adapt to the demand for digital delivery of movies?).

This week, TheFly mentioned that an analyst firm believes the stock will climb even higher, perhaps all the way to $80. That would represent a pretty impressive return based on where the quote is right now.

Continue reading Coinstar: Time To Buy or Sell?

Coinstar Shoots Higher on Strong Earnings Report

Coinstar logoCoinstar (CSTR - option chain) shares are rising today after the company reported Q3 earnings last night, posting a profit of $19.5 million, or 60 cents per share. Excluding one-time items, CSTR earned 66 cents per share on revenue of $380.2 million. Analysts had forecast a profit of 50 cents per share on revenue of $381.8 million.

The company also forecast Q4 earnings of 79 to 85 cents per share on revenue of $415 to $440 million. Analysts are expecting a profit of 76 cents per share on revenue of $422 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CSTR.

Continue reading Coinstar Shoots Higher on Strong Earnings Report

Coinstar Could Be a Short Candidate

Coinstar logoBearish traders should be using the recent strength in the equity markets to identify short opportunities. The S&P 500 is currently trading above 1,100 and has rallied very sharply off of the 1,040-1,050 level in just a matter of days.

This surge in equities appears to be driven by a combination of short covering and better than expected economic numbers. Rather than getting bullish here, however, it may be time to put out some tactical shorts. Traders that have been buying the highs and selling the lows in anticipation of a breakout of the current trading range have been consistently burned.

Continue reading Coinstar Could Be a Short Candidate

Thoughts on Market Stories from the Week

Warren BuffettI'm going to offer up brief opinions on some of the events from the past trading week. Maybe you had your eye on one or two of them as well.

Playboy (PLA) reported a net loss in its second quarter. The red ink came out to 16 cents per share this time around; last year, the loss was 26 cents per share. You know what? It doesn't really matter if management was able to narrow the bleeding. Playboy is purely an arbitrage play now, with Hugh Hefner making a bid to take control of the business (a competing bid has been made by FriendFinder, which owns Penthouse). I would avoid making a buy here, since the arbitrage game can be a difficult one to win.

Continue reading Thoughts on Market Stories from the Week

Should You Avoid Coinstar?

coinstar earningsLast week, my colleague Elizabeth Harrow gave a summary of Coinstar's (CSTR) latest earnings report, as well as the stock's current technical characteristics. This is a tough situation to consider. The company, which owns the DVD-rental kiosk system known as Redbox and competes with Blockbuster and Netflix (NFLX), had been a great performer for much of the last year. Then, it started to slide at the beginning of June.

I've been bullish on the stock, although I have acknowledged the significant quantity of risk attached to it. After reading through the Q2 numbers, I wasn't completely displeased by them.

Continue reading Should You Avoid Coinstar?

Coinstar Hammered After Disappointing Earnings

Coinstar (CSTR) logoIt seems that 92% year-over-year earnings growth wasn't quite enough to impress Wall Street. Shares of DVD rental kiosk operator Coinstar Inc. (CSTR) are taking a beating as traders pan the company's softer-than-forecast second-quarter results and lackluster revenue forecast.

For the recently concluded quarter, Coinstar banked a profit of $13.4 million, or 41 cents per share, up from last year's results of $7 million, or 23 cents per share. Revenue for the quarter climbed 35% to $342.4 million. As recently as May, Coinstar predicted its quarterly revenue would arrive between $363 million and $383 million.

Continue reading Coinstar Hammered After Disappointing Earnings

Is Coinstar a Buy in a Risky Market?

I've been going through the news today, trying to find stock ideas. One company I've looked at from time to time is Coinstar (CSTR). With roughly one hour to go before the end of the session, shares of the coin-counting/DVD-rental entity were down 3.8% to $44.

Everything is down, however. So, is Coinstar, whose colleagues include Blockbuster (BBI) and Netflix (NFLX), simply a victim of a bad market? It very well could be. But the chart is somewhat choppy in certain respects. Over the last year, the business has seen an incredible rise in fortunes. However, the noise on the right side of the image does make an investor feel like the sky's the limit in terms of downside risk.

Continue reading Is Coinstar a Buy in a Risky Market?

Coinstar's Redbox Extends Deal with Paramount

Redbox logoCoinstar (CSTR - option chain) shares rose Wednesday after the company announced that it has extended its revenue sharing license agreement between Paramount Home Entertainment and Redbox Automated Retail, a wholly-owned subsidiary of Coinstar. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CSTR.

CSTR opened Wednesday at $53.50. In morning trading, the stock hit a low of $52.30 and a high of $54.76. As of 12:15, CSTR was trading at $53.17 up 0.67 (1.3%). The chart for CSTR looks bearish.

Continue reading Coinstar's Redbox Extends Deal with Paramount

Blockbuster's Terrible Q1

Blockbuster (BBI) is not a stock any sane investor should buy. First, it's under a buck. Second, it is currently down over 20% in afternoon trading, backed by significant volume. I'm seeing a price of just under 40 cents as I write this. Not a good situation.

Yet, I'm sure there are a fair amount of professional speculators out there making bets on the business. Hey, I can't predict the future, but I just don't see how anyone can take a chance on the shares. The one-year chart is terrible. And the most recent earnings report, released yesterday after the bell, is likewise a horrible sight to behold.

Continue reading Blockbuster's Terrible Q1

Earnings Highlights: IMAX, Kellogg, Sprint, 3M, UPS, Viacom, Visa and More

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Coinstar Inc. (CSTR) shares surged following stronger-than-expected Q1 earnings driven by DVD rentals.
  • Humana Inc. (HUM) shares traded lower despite the report of better-than-expected earnings for Q1.
  • IMAX Corp. (IMAX) reported strong Q1 results that easily topped consensus estimates, but shares declined.
  • Kellogg Co. (K) topped Q1 earnings expectations and announced a share buyback program.
  • Office Depot Inc. (ODP) Q1 earnings fell short of consensus estimates and same-store sales declined.

Continue reading Earnings Highlights: IMAX, Kellogg, Sprint, 3M, UPS, Viacom, Visa and More

More Quarterly Releases: Coinstar, Colgate, and Procter & Gamble

Coinstar logoLet's have a look at a few earnings reports from earlier in the week. We'll check out two businesses operating in the arena of consumer products -- Colgate-Palmolive (CL) and Procter & Gamble (PG) -- and one that is prospering from a crimson DVD-rental kiosk that has become all the rage -- Coinstar (CSTR).

We'll start with the latter concern first. Coinstar was one of Friday's great stock stories. It shot higher by 16%, backed by an incredible amount of volume. Investors are apparently counting on this one to go even higher. In fact, some analysts believe that the shares may eventually reach $60.

Continue reading More Quarterly Releases: Coinstar, Colgate, and Procter & Gamble

Analyst Calls: ABFS, APA, CSTR, ESL, MGM, POT, SAI, TIVO, UL, ZION ...

Analyst Upgrades

  • Soleil upgraded Potash (POT) to hold from sell due to valuation. The firm maintains a $100 price target for shares.
  • FBR Capital upgraded Arkansas Best (ABFS) to market perform from underperform after the company reached a tentative agreement with the Teamsters to amend its existing contract to include a 15% wage concession. The firm has a $34 price target for shares.
  • Keefe Bruyette upgraded Zions Bancorp (ZION) to market perform from underperform following the company's Q1 results and raised its target for shares to $25 from $17.
  • Apache (APA) was upgraded to outperform from neutral at Macquarie.
  • MGM Mirage (MGM) wasupgraded to conviction buy from buy at Goldman.
  • Monster Worldwide (MWW) was upgraded to outperform from neutral at Credit Suisse.

Continue reading Analyst Calls: ABFS, APA, CSTR, ESL, MGM, POT, SAI, TIVO, UL, ZION ...

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DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 10:33 PM

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