Outerwall (OUTR), formerly Coinstar (CSTR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Outerwall (OUTR), formerly Coinstar (CSTR)

OUTR 52.00

0.0%

Sep 28 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andrew Abrams who wrote (125)	2/18/1998 8:15:00 PM
From: Gerald Thomas	Read Replies (2) of 351

I've used coinstar machines 6-8 times at multiple locations over the last 5 months... I have found that mostly the deal where I have been is that as long as you purchase "something" they will give you the rest in cash... One purchase I made was for $25 and I had redeemed over $200 and they gladly gave me my 175$ in cash as change... My average coin redemptions have all been between $100 and $300 and have always gotten sizable cash as change and did my food shopping at that store anyway so it really is a win/win for the customer and the store... Also their fee which has been debated here comes out of the company's 7.5% and ranges from nothing to 2-3% and really just adds into their cost structure for their machines which is changing from margins of 25-30% to higher than 40% as efficiencies are being realized... You may want to read some of the in depth reports to catch up with where the company is.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next