Engaged Capital Confirms 14.1% Stake in Outerwall (OUTR) - 13D
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Outerwall (OUTR) Targeted by Activist Engaged Capital - Bloomberg
February 8, 2016 8:09 AM ESTOuterwall (NASDAQ: OUTR) is being targeted by activist hedge fund Engaged Capital, according to Bloomberg sources.
Engaged built a 14% stake in the company and is urging changes, including a sale to private equity suitors.
Outerwall is said to have rebuffed at least three buyout firms in the past two years.
... MoreOuterwall's (OUTR) Cash Flows Make it a Private Candidate - B. Riley
February 5, 2016 9:26 AM ESTB. Riley analyst, Eric Wold sees Outerwall (NASDAQ: OUTR) as a candidate for going private as Free Cash Flows remain strong despite consolidating EBITDA. He reduces his PT to $42.00 vs $58.00 but maintains his Buy rating on the possibility of takeout.
Following reduced guidance in December, Outerwall provided initial 2016 guidance well below expectations as management prepares for accelerating secular declines (and sets a low bar). Admittedly too early with the 12/8 upgrade (after being on the sidelines for 18 months), the analyst acknowledges that investors may not be ready to focus on the solid cash... More
