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

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

OUTR 52.00

0.0%

Sep 28 5:00 PM EST

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To: Gerald Thomas who wrote (157)	5/15/1998 9:38:00 PM
From: Gerald Thomas	Read Replies (1) of 351

In case anyone is still following CSTR... from report of a few weeks ago... The Vons relationship involves 250 stores in southern California... Vons is a subsideary of Safeway which they feel is an indication that CSTR is starting to penetrate that chain... Safeway has over 1300 stores in U.S. and Canada... The rollout to Kash&Kary in Tampa was affected by a change in ownership (bought by Food Lion) and the 250 unit rollout was slightly delayed... as such machine installs were temporarily slowed (around 80 fewer) in 1st quarter and approx 1 million less in revenues...but with efficiencies improving in margins to the mid 30% range earnings were unaffected... They believe the 2000 machine install for the year is still on track... They also feel that with the company closing in on EBITDA break-even...during third quarter...which will be a big turning point in the company's history...with the stock trading at the current 8-9 dollar range and the discounted net earnings model which will kick in with EBITDA break-even of 15-17 dollars that smart money will buy in advance of this event...

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