Tuesday, 29 September 2015

Sue sells OUTR 57.41: It's up to Prusch to make the ecoATM idea work or come up with a new plan.

As the Redbox business slowly fades to black, Outerwall has shifted its focus to ecoATM. Prusch led Clearwire into that whimper of an exit, and here he is again. At $5 per share, investors who had picked up Clearwire shares for as much as $8 a stub three years earlier walked away disappointed. Shackled to a losing wireless communications standard, Clearwire ran out of options and ultimately had to settle for a lowball buyout. It should be noted that Prusch indeed brings experience from similarly desperate business environments.


Kimberlie:
Outerwall has tried its hand at digital streaming services and failed miserably.

Barrie:
That explains why Outerwall shares followed the traditional media giants downward in early August, when a cluster of that industry's earning reports showed a growing number of cord cutters.

Nery:
DVD and Blu-ray rentals are starting to look quaintly outdated in this increasingly digital era.

Charis:
Redbox represents more than 80% of Outerwall's annual revenues these days, but the company recently closed its Canadian Redbox operations and plans to remove roughly 1,500 American kiosks by the end of the year.

Ngan:
After six months under an interim CEO, the company also picked a new name for the corner office.

Stephanie:
If you include the 13% plunge on July 31 that followed that report, you'd be looking at a 24.7% drop over 32 days.

Ladawn:
Here's the entire list of September's 25 worst-performing stocks.

Shery:
However, the consensus 12-month price target of $15.57 stands 20% above Meritor Inc's current price of $12.94, leaving the door wide open for a round of downwardly revised price targets.

Liliana:
This represents more than a week's worth of trading, at average daily levels.

Francoise:
Short interest, for example, surged 17.6% in the latest reporting period, and now accounts for a healthy 6.9% of the security's available float.

Outerwall Inc. (NASDAQ:OUTR)
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