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Despite posting numbers and making some business decisions in 2010 that have disappointed investors, Redbox still has cautiously optimistic cheerleaders in the form of several prominent industry analysts.

Wedbush Morgan’s Michael Pachter believes that overall, Redbox parent Coinstar is “a healthy company with solid earnings growth prospects”. Said Pachter:

“Redbox didn’t have 40% of the movies that were advertised, resulting in further cannibalization of its rentals in favor of DVD purchases . . . The Q4 problem was worse than reported results suggest … [and] we remained baffled about how the company’s modest miss for the December quarter could translate into a much larger miss for the [upcoming first quarter].”

Merriman Curhan Ford analyst Eric Wold believes that the kiosk market has not yet reached maturity and that Redbox’s management team is up to the task of growing the company in 2011. Said Wold:

“While management is in a new learning curve, we remain confident in their ability to overcome these issues and deliver in 2011,”

D.A. Davidson & Co. analyst John Kraft is also cautiously bullish on Redbox’s prospects this year:

“While it remains to be seen, we do believe the management team can make appropriate adjustments,”

We’ve heard from the analysts, now let’s hear from you, Insiders. A year from now, will we be looking back at 2011 as the year Redbox flew higher or began its fall?

(via Home Media Magazine)

18 Responses to “Analysts: Redbox Will Still Deliver in 2011”

  1. Visitor [Join Now]
    Vernon Dent [visitor]

    Many factors outside of redbox’s control will effect its financial performance, ranging from: the weather to general box office swings. As an example, 2010 was not the best year for theatrical releases and subsequently redbox was affected.

    2011 will be similar to 2010, as fewer and fewer desirable theatrical releases will trickle down through the ancillary dissemination chain.

  2. Visitor [Join Now]
    so true [visitor]

    Well if Eric Wold says so then it must be true. He’s never been known to cheerlead this stock. ha!

    • Visitor [Join Now]
      Joe Schmuck [visitor]

      I want to be the first one today:

      Where is my free 1st Monday of the month code?

      Why can’t I get codes e-mailed to me, because I don’t have a cell phone?

      Does anybody have a code that they’re not using?

      My code didn’t work.

      This isn’t fair!!!!!!! WAH WAH WAH WAH

      (Did I leave any out)

      • Member [Join Now]
        LindaJean [labasautomotive]

        I actually have 2. So far I know I am not going to use hear it is….35NW25K.

        Anybody else looking for one..I might post the second on later. My cell phone was broken for a couple of months so I signed up my hubby’s phone. Now we get two texts; mine and his.

      • Visitor [Join Now]
        rb [visitor]

        Joe,..notice the first helping hands Linda and Tawny extend to you by offering you their promo codes. Instead of trying to be the first to foresee/criticize/make fun of the coming complaints of others on this first monday of the month who can’t/won’t receive a code–Linda and Tawny were the first to offer a solution–by offering working codes. See the difference? Adding to the problem,…or offering a solution? Just sayin’. :-)

      • Visitor [Join Now]
        Capercar [visitor]


  3. Member [Join Now]

    Here is the new code for today: 6J62D5J

  4. Visitor [Join Now]
    Capercar [visitor]

    Feb7movie. Is a free code I got from Redbox facebook page

  5. Member [Join Now]
    LindaJean [labasautomotive]

    Just got back from renting a movie. But..just before I left saw the post on facebook that the codes weren;t working. They were right. Thank goodness I also wrote down the FEB7MOVIE code. That worked!!

  6. Member [Join Now]
    LindaJean [labasautomotive]

    just got an “oops” text from Redbox. They are now texting FEB7MOVIE as the correct code for today. So I guess its official…..Boy its Monday!

  7. Visitor [Join Now]
    modsq [visitor]

    off post topic but…

    Talk about Ghosts of Movies Past and Time Traveling (to the past).
    Guess RB is gearing up for RomCom Monday (14th).
    First 3 movies listed on their site are RB replays, though not labeled as such.

    P.S. Thanks for the Heads Up on the codes.

  8. Member [Join Now]
    Joe LittleBear [joe-littlebear]

    Really hate to say this…but the movie selection stinks ! Many of the movies offered have been on the Sci-Fi channel and on satellite TV years ago….let’s get something fresh……This bugs me almost as much as my wife…. I buy a Big screen TV with 4 colors, HD, surround sound….What does she watch ? The 1920 s to 1950 s stuff on TCM and FMC in black and white… Go figure…

  9. Member [Join Now]
    Joe LittleBear [joe-littlebear]

    Check out RED , with Bruce Willis….the old boy still puts on a good show….in the finest “Die Hard ” tradition…

  10. Visitor [Join Now]
    so true [visitor]

    A class action lawsuit was filed in the United States District Court for the Western District of Washington on behalf of purchasers or other acquirers of Coinstar, Inc. (Nasdaq: CSTR) securities between October 28, 2010 and February 3, 2011, inclusive.

    Specifically, the Complaint alleges that, throughout the Class Period, Defendants materially misled the market to believe that: (i) Coinstar (CSTR) was operating according to plan; (ii) its revenues were not adversely affected by the 28-day delay imposed on the Company by several movie studios in late April 2010; (iii) the Company was effectively managing its inventory; and (iv) Coinstar maintained adequate systems of internal operational and financial controls, such that Coinstar’s public statements and reported guidance was true, accurate, and reliable.

    However, as alleged in the Complaint, the Company, actually had, among other things: (i) decreased sales to customers as a result of the 28-day delay; and (ii) poor inventory management and controls resulting in the removal of material amounts of old inventory and an overstock of higher priced Blue-ray DVDs. The Complaint alleges that as a result of these problems, on February 3, 2011, the Company reported that its financial results for its Fourth Quarter and full year 2010 results would be well below its previously announced guidance and analyst expectations. The Complaint further alleges that as a result of Defendants’ actions, plaintiff and the Class were damaged.

  11. Visitor [Join Now]
    Anna Falconio [visitor]

    Merely wanna remark that you have a very decent website , I love the pattern it really stands out.