Best Stocks To Buy For 2013: SWIR

[ July 31, 2013 | Author: Admin | Views: 18675 | Weather: | Mood: normal]

Outerwall (NASDAQ: OUTR  ) began trading on Tuesday, but it wasn’t an IPO. This is the newly rechristened kiosk operator that investors have known as Coinstar for years. Coinstar’s namesake machines exchange coins for merchant gift cards, and its larger Redbox business rents out DVDs, Blu-rays, and video games at cheap nightly rates. The transformation to Outerwall isn’t just a matter of slapping on a new corporate moniker. Outerwall also announced on Tuesday that it’s acquiring ecoATM. Outerwall already had a 23% stake in the automated kiosks that pay cash for smartphones, tablets, and iPods. The machines can assess the condition of the device being submitted and fires back its best offer. This should be a great way for the company to offset the slowdown in its once-growing Redbox business. It’s also one that can’t be pushed toward obsolescence as media distribution goes digital. Consumers still need to hardware to make … Continue reading