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  "documentTitle": "Outerwall Inc. (OUTR)",
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  "authorName": "Engaged Capital",
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  "presentationDate": "2016-02-18 00:00:00",
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      "text": "We believe the above strategy, clearly articulated to shareholders and properly executed, would create SIGNIFICANT shareholder value in a very short period of time",
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      "text": "The Board and management must commit to operating OUTR as a private owner would: 1) Manage both Redbox and Coinstar for cash flow by aggressively cutting costs 2) Shut down or sell ecoATM 3) Discontinue the current share repurchase program (and retire all treasury shares) 4) Limit the potential uses of free cash flow to (a) paying a large dividend and (b) reducing debt",
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      "text": "In addition, the Board MUST publicly announce a parallel process to explore strategic alternatives for the entire business. We have been contacted by numerous private buyers and financial sponsors who are interested in potentially acquiring the Company. Businesses in secular decline, like OUTR, fit much better in a private context where variations in performance are not subject to the quarterly scrutiny of Wall Street analysts and investors",
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      "text": "This new capital allocation strategy must include a commitment to no longer pursue any alternative growth strategies (internally or externally)",
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      "text": "There is an Alternative Path to Stabilizing OUTR's Stock Price and Improving Valuation",
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