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Campaigns / Engaged Capital → Outerwall Inc.
Engaged Capital vs. Outerwall Inc.

Outerwall Inc. · OUTR

1 deck published between 2016-02-18 and 2016-02-18 — 32 pages, 32 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2016-02-18 initial thesis

    2016 02 Engaged Capital Outerwall Presentation Feb 2016

    32pp · full_deck

    Outerwall's cash-rich Redbox/Coinstar business trades at a 3x EBITDA capital-allocation discount; halting buybacks for a large dividend and running a sale process unlocks 150%+ upside.