Coinstar plunge isn't surprising

CoinStar missed estimates today and guided lower and the stock has gotten hammered in after hours trading.  I was never a fan of Coinstar for the long term because I thought their service of counting coins was ridiculously over priced.  It was not a cost effective way to count your money.  If you had a small amount it was not worth the fee.  If you had large amounts it seems like it would be even less worth the percentage to be of value.  Others might believe differently.

I think Redbox is a great concept and great idea but the movie business has been going digital for several years now and the more people get accustomed to being on line while integrating their television and PC, millions of movies will be at their fingertips.