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  "documentTitle": "Outerwall Inc. (OUTR)",
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      "text": "Engage a new financial advisor with NO ties to the Board and publicly announce a sale process to take OUTR private",
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      "text": "Immediately halt all share repurchase activity and instead commit to a large dividend (minimum of $125 million annually) combined with debt reduction. 100% of free cash flow used for dividends and debt reduction. Use revolving credit facility to finance early extinguishment of notes.",
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      "text": "Aggressively reduce costs from current levels. $190 million in G&A expenses (8.7% of sales) is too high for a business that will continue to shrink in size. Absolutely NO capital or operating expenses committed to growth projects. Explore sale of ecoATM to raise capital and realize tax benefits as this business is unlikely to be a winner even if some level of near-term profitability is achieved.",
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