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AOL, Inc. (NYSE:AOL) shares saw a boost of over 3 percent on Monday following the company’s statement that it would pay a special $1.1 billion dividend in December and spend $600 million for share repurchase. The shares traded down $0.09 (0.27%) recently at $33.77.
Netflix, Inc. (NASDAQ:NFLX): There was not an official announcement of a renegotiation of terms between Netflix and Epix, but Netflix’s Q2 results report which was released in July mentioned that the company would hold non-exclusive rights to Epix movies until mid-August 2013. Following its poor Q2 results, Netflix stock was hammered, with a 27.1 percent drop in a single day. The consensus earnings per share for 2013 also plummeted from $2.20 to $0.95 a share, with the range spanning a high of $3.56 to a low of -$0.05. “We believe that consensus figure is simply too draconian, and is the result of estimate revisions based on emotion rather than analysis,” Miller stated. He predicts fiscal 2013 earnings of $1.88 per share, and gives the company a price target of $59. The shares traded up $0.73 (1.17%) recently at $63.12.
Coinstar, Inc. (NASDAQ:CSTR): The U.S. video-rental market is shrinking, falling 7.3% in 2011, according to IHS Screen Digest. It is expected to fall an additional 6.4%, to $5.3 billion, in 2012. Coinstar, which got 85% of revenue from Redbox DVD-rental kiosks in 2011, has been expanding by taking share in a dwindling market, making its growth rate unsustainable over the long term. The shares traded down $0.35 (0.69%) recently at $50.78.
Time Warner Cable Inc. (NYSE:TWC): Time Warner Cable (NYSE:TWC) will increase Internet speeds for businesses in four New York City boroughs by up to 20 times, according to Bloomberg. The news service suggests that the move by the cable company comes in response to Google’s (NASDAQ:GOOG) Google Fiber initiative in Kansas City. The shares traded up $0.40 (0.45%) recently at $90.27.
Walt Disney Co.’s (NYSE:DIS) successful superhero film “The Avengers” and record theme-park turnout in recent months, indicates that the company’s long-term investments have paid off, states the Wall Street Journal. CEO Robert Iger claims that the results are more than just a seasonal blip, and that they reflect a validation of its decision to stay with long-term expenditures even through the recent recession and further. The shares traded down $0.11 (0.22%) recently at $49.74.
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