Outerwall Value Stock - Dividend - Research Selection
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Description of the company
Outerwall Inc., formerly Coinstar, Inc., is a provider of automated retail solutions that provide convenient products and services. The company's automated retail offering includes the Redbox business, where consumers can rent or buy movies and video games at self-service kiosks (the Redbox segment) or the Coin business, where customers can convert their coin into cash or value products to SB coin kiosks (coin section). The New Ventures business focuses on identifying, evaluating, building and developing self-service concepts in the marketplace. On June 9, 2011, the Company completed the sale transaction of the money transfer business to Sigue Corporation (Sigue). In June 2012, the company's wholly-owned subsidiary, Redbox Automated Retail, LLC, acquired certain assets of NCR Corp.'s DVD kiosk business. In October 2013, Jana Partners LLC acquired a 13.5% stake in Outerwall Inc.