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Outerwall Inc. Message Board

  • earnings_man earnings_man Mar 26, 2013 4:14 PM Flag

    Short interest down a smidge (14.22 to 14.04 million shares)

    Days to cover up from 12.7 to 14.7. Three weeks is a lot of "days to cover," right?

    Afaik it is near the most shorted stock on the naz, over 50% of the float.

    Keep in mind also that the denominator (# shares) has dropped to just 28 million shares, possibly more if they've been buying in Q1.

    Sentiment: Buy

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    • The earnings report is coming...they already gave guidance...if they beat the guidance, that's a plus. If they announce a content deal for either streaming or DVDs or both, that's a plus. If they decide to take some of the share buyback money and make a growth investment, that's a plus. If the coffee sales or streaming traffic is better than expected, that's a plus. It won't take much to force the short positions to cover - especially since the overall year guidance suggests a flat current quarter and a higher range for the full year which reflects management confidence in the last 3 quarters of the year.

 
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