Redbox is not Netflix. And Redbox parent Coinstar (CSTR) clearly doesn't have the momentum of Netflix's stock.Shares of Coinstar tumbled 8% Friday after the company issued a much weaker-than-expected earnings and sales forecast for the first quarter late Thursday.
But Netflix (NFLX) has nearly doubled this year while Coinstar is down year-to-date and is closer to its 52-week low than its 52-week high.
That's why some traders on StockTwits were labeling the Coinstar sell-off as an overreaction.
Tstrar
I still think Netflix is overvalued and that Coinstar is a cheaper play on streaming video. But Netflix does deserve credit for realizing that streaming video is simply a commodity business unless you give subscribers a compelling reason why your service is different than others. The Kevin Spacey show "House of Cards" does that. Ditto for the eagerly-awaited return of "Arrested Development." Kudos to Netflix for resurrecting the saga of the Bluths. It's an illusion!
And now it's time for the Reader Comment of the Week. Apologies to all of you who do not live in New York, New Jersey, Connecticut or Massachusetts and are probably sick of hearing about Nemo, aka the Snowtastic Blizzardgeddon Nor'easter of the Cenozoic Era!
Yes, this is going to be a bad storm. And I sincerely hope everyone in New England hunkers down this weekend and is okay.
But let's have some perspective. There are places around the world where large amounts of the powdery white stuff routinely fall from the sky every winter. And they just suck it up and get on with their lives. My wife is from Buffalo. Western New York (don't you dare call it "Upstate") always gets slammed with lake effect snow. Another reader who hails from Central New York was also taking this storm in stride.
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