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: joe_investor who wrote (173)	6/22/1998 7:55:00 PM
From: Jon Coert	Read Replies (3) of 351

I've got a question for you all: How many of you can go to a bank with your coins and pay no fee? I can go to the US Bank across the street from the grocery store with the Coinstar machine and avoid paying the 7.5% fee. Also, I pay mostly by Visa or check card, and probably accumulate a total of $100 a year in coins. As more and more stores take Visa and check cards, I'll have even fewer coins. I just don't see a big market here. By the way, I noticed the stock on the New Lows list in Barron's this week, and I've seen enough studies that say that the worst investment strategy is to buy stocks hitting new lows that I would avoid this stock. I might even short it, although I haven't done so yet. Just my opinion, --Jon

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