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Piracy PSA – Video

19-01-2012 18:35 Arguing over? whether or not piracy is the same as stealing is just a matter of semantics. The real core of the argument has to do with profit. Taking a physical copy of an object is negative profit because it took money to produce that object. "Copying" a piece of digital media is? not stealing in the traditional sense because the owner doesn't actually lose money because they didn't technically lose anything. What businesses argue about is the loss of potential profit. Even though they didn't lose money, they're not gaining it? either. When companies say they lose millions in profit due to piracy they actually mean they're not making even more millions. Potential profit loss is grossly inflated because many pirates would never have bought the product in the first place. http://www.youtube.com The Boondocks "...Or Die Trying" [Season 2 Episode 16]

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Piracy PSA - Video

Kidd Money F.Lil' G – Roll Dat Shit (1998)-Miami,FL – Video

07-02-2012 08:43 Kidd Money-Thug (1998)-Miami,FL

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Kidd Money F.Lil' G - Roll Dat Shit (1998)-Miami,FL - Video

Kidd Money F.Lil' G

07-02-2012 08:48 Kidd Money-Thug (1998)-Miami,FL

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Kidd Money F.Lil' G

Futret's Cupcakes INSANE – Video

07-02-2012 17:30 Requested by: johnscottnaruto7 You better be happy! I spent my money to get the digital album for this! Just joking, but I hope you do like it, and yes I did spend money on the digital album for this. Totally worth it! I listened to the entire song and just loved it it so much that I had to extend this right away. And not only that, but a treat, I also did the instrumental version for those who don't want the version with lyrics. And e very very special treat because I just like you all so much. One hour versions are available for download! For some reason the instrumental of th hour version is a few minutes shorter than the one with the lyrics. Strange. Insane Download: http://www.mediafire.com Insane Instrumental Download: http://www.mediafire.com Legendary Download: http://www.mediafire.com Legendary Instrumental Download: http://www.mediafire.com Image used: UberNerdMaster.deviantart.com Lyrics for those who want them: I want to cut you open, see your colours run I want to play I want to have a friend to have some fun Don't be afraid, don't cry, just give in This is the last time I'll see you again So come on, relax, just sit still You belong to me and you will keep quiet and look me in the eye Cos I wanna fuck you, wanna fuck you while you fucking die

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Futret's Cupcakes INSANE - Video

Coinstar Making Coin

Justin is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

Coinstar (NASDAQ: CSTR) reported blowout 4Q11 earnings and the stock is exploding higher today.  The stock is now up 26% versus just 8.6% for the S&P 500 since I recommended it here in late December.  The call was based on valuation and the anticipation of steady performance in the operating units - namely Redbox.  It was a surprise to see such great quarterly numbers, but the original thesis still holds - investors should continue to buy shares in the stock.

Blowout

The company reported 4Q sales of $520 million and earnings-per-share of $1.00.  Earnings were ONLY 54% ahead of consensus expectation at $0.65.  The last time the company produced such a big outperformance was on April 29, 2010.  Then they reported 1Q10 EPS of $0.41 versus expectations of $0.14.  The stock popped 16% on the day.  Then what happened?  As I often highlight, it continued to move in its original direction.  The stock ultimately advanced another 30% over the next two months in the face of a declining equity market. 

The original thesis holds with the stock trading at a still muted 16.5x price-to-earnings ratio.  That seems like a bargain against a 3-year CAGR in EPS of 69%.  Certainly that won’t continue in perpetuity, but that P/E ratio is cheap for a mid-teens grower as well.  The company ended the fiscal year with $227 million in free cash flow (operating cash flow less capex).  That produces a very attractive FCF/EV ratio of 12%.  Levels in this ratio above 10% indicate very cheap stocks, but it is just one ratio and usually isn’t followed in the mainstream enough to make a material difference over shorter time horizons.

Guidance

While I am a bit skeptical of using management guidance to value a stock; it can have some merit if you have strong conviction in the numbers or realize that it is just one aspect in the whole valuation process.  Management was nice enough to provide their forecast for fiscal 2012- 

Consolidated revenue between $2.075 billion and $2.250 billion; Core adjusted EBITDA from continuing operations between $425 million and $460 million; Core EPS between $3.80 and $4.30 on a fully diluted basis; and Free cash flow from continuing operations between $120 million and $145 million.

The key points here are EPS growth of 12% at the mid-point of guidance.  Sales are forecasted to grow 17% at the mid-point of guidance.  The forward EV/EBITDA is a paltry 4.2x.  That is super cheap against a range of 6x to 10x since the company became an owner in the Redbox brand.   Free cash flow will be half as much next year with the company planning higher capital expenditures.  I think this should be viewed as a modest negative even though it is necessary to continue to gain share in the DVD rental market.  It is also likely reflective of the just announced joint venture with Verizon.

 Bottom Line

Coinstar remains a great to stock for investors.  The company passed on a 20c price increase and saw limited demand impact, highlighting the strong penetration of the Redbox brand.  I think the company can continue to be a double-digit EPS grower and ultimately initiate and grow a dividend.  Valuation is cheap and these future catalysts should propel the stock higher over the coming years. 

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Justin Carley

Justin Carley is a member of The Motley Fool Blog Network.

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Coinstar Making Coin