News

Coinstar dealing in cards

December 22, 2004

Investor's Business Daily:When you're a little kid, a piggy bank will do just fine. But as you get older, your financial needs change.

So it goes with Coinstar, (CSTR) the 13-year-old pioneer of self-service coin-counting machines. It operates about 12,000 such machines in U.S. supermarkets.

The coins can be exchanged for either cash or store vouchers. Coinstar charges a service fee that equals 9 percent of the tally.

Now the firm is counting on its ability to leverage its network of machines to become more diversified.

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