Versatile Coinstar (NASDAQ: CSTR) Coinstar (NAS
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Posted On: 02/13/2013 12:35:46 PM
Versatile Coinstar (NASDAQ: CSTR)
Coinstar (NASDAQ: CSTR) is best known for its Redbox DVD rental and its coin counting machines. While coin-counting is Coinstar’s more time-honored business, the company produces most of its revenue from its self-service DVD and video game rental businesses recognizable by the signature red color of its kiosks. Coinstar retains contracts to place their kiosks in retail outlets globally. Wal-Mart Stores Inc. (NYSE: WMT), Walgreen Company (NYSE: WAG), and McDonald’s (NYSE: MCD) alone account for 40 percent of company revenue. As of November 2012, the company had placed over 42,000 Redbox kiosks at 34,000 locations and 20,300 coin-counting kiosks in supermarkets, convenience stores, drug stores and restaurants in North America and Europe.
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