Sunday, July 5, 2009

NCR

My pick this quarter is NCR corporation.

NCR makes ATM's and the self service check out machines that are in most stores now.

But its there newst venture that caught my attention. DVD vending kiosks. They have formed an alliance with Blockbuster to set up Blockbuster name brand vending DVD kiosks.

Analysts are projecting DVD vending kiosks could grow by more than 60 percent over the next three years, increasing from 9,300 units at the end of 2007 to more than 22,400 by the end of 2010. Additionally, consumer spending on movies from vending machines during that same period is expected to grow from $197 million to more than $760 million.

I think that this is stock we could get at a good price right now ($11.00 range) hold on to it for some time and hopefully make some money.

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