burger
Junior Member
Joined: Feb 12, 2011 20:34:09 GMT -5
Posts: 143
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Post by burger on Sept 15, 2011 14:54:44 GMT -5
Pretty glad I doubled down on my holdings in CSTR on Monday. I've now got 2 positions. One at 41.75 and one at 44. NFLX is getting hammered today because they are losing more of the DVD subscribers than anticipated. This can only benefit CSTR (CSTR owns Redbox). Today it is up around 7% and is sitting around 48.50. I would expect them to have a very good next 2 quarters. People leaving the DVD subscription of NFLX will get their movies somewhere, and my guess is that Redbox will be the benefactor.
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