NEW YORK (TheStreet) — If you’re a current Coinstar investor Thursday’s earnings release must have felt like getting a DVD stuck halfway in the machine while running late on your way to work.
Coinstar’s stock increased about 6% from a year ago and remains in a bullish trend. Coinstar’s CEO Paul Davis announced revenue growth of 22%. While part of the perceived weakness looking forward is attributed to rental weakness, Coinstar and Redbox continue to mint mountains of coins.
At least most of the market cap losses appear to be baked in the cake at this point. Coinstar is currently valued with a price-to-earnings ratio of only 10. …
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Read the original: Coinstar Earnings No Tragedy for Investors
This column originally appeared on Real Money Pro at 8:40 a.m. EDT on July 3.
NEW YORK (Real Money) — Strategic adjustments:
I have slightly adjusted my S&P 500 fair market value downward from 1455 to 1430 — the market is still about 5% undervalued. …
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Original post: Kass: Curbing My Enthusiasm
NEW YORK (TheStreet) — All eyes will be focused on Spain this weekend, and the events that transpire are likely to have the biggest impact on the direction U.S. stocks take in the coming week.
Eurozone officials are expected to discuss an aid package for Spain’s banks over the weekend.
“If they announce some kind of package that’s firm and fair, the market would rally,” said Adrian Day, president of Adrian Day Asset Management. “If they don’t, I don’t think it will fall a lot to be honest, because people have gotten used to people in Europe pushing things off.” …
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See the original post: Spain in Spotlight for Coming Week