How to invest in redbox stock

## How to Invest in Redbox Stock

Redbox is a leading provider of self-service DVD and Blu-ray disc rental kiosks in the United States. The company was founded in 2002 and has since grown to operate over 41,000 kiosks in more than 30,000 retail locations. Redbox went public in 2011 and is currently traded on the Nasdaq under the ticker symbol RDBX.

### Why Invest in Redbox Stock?

There are several reasons why investors may consider investing in Redbox stock:

– **Strong brand recognition:** Redbox is one of the most recognizable brands in the home entertainment industry. The company’s kiosks are located in a variety of retail locations, including grocery stores, convenience stores, and gas stations. This gives Redbox a wide reach and allows it to target a large number of potential customers.
– **Low-cost business model:** Redbox’s business model is relatively low-cost. The company does not have to invest in physical stores or inventory. Instead, it relies on its network of kiosks to distribute its products. This allows Redbox to keep its costs low and pass on the savings to its customers.
– **Growing revenue:** Redbox has been growing its revenue in recent years. In 2018, the company reported revenue of $1.4 billion, up from $1.2 billion in 2017. This growth is being driven by an increase in the number of kiosks in operation and an increase in the number of rentals per kiosk.
– **Potential for growth:** Redbox still has significant potential for growth. The company is currently only operating in the United States. There is room for expansion into other countries, as well as into new markets such as streaming media.

Read more  Can 529 plans invest in stocks

### How to Buy Redbox Stock

There are two main ways to buy Redbox stock:

1. **Through a broker:** You can purchase Redbox stock through a brokerage account. A broker will charge you a commission for each trade, but they will also provide you with access to a variety of investment tools and resources.
2. **Directly from Redbox:** You can also purchase Redbox stock directly from the company. Redbox offers a direct stock purchase plan that allows you to buy shares of the company’s stock without having to go through a broker.

### Conclusion

Redbox is a solid investment for those who are looking for a company with a strong brand, a low-cost business model, and a growing revenue stream. The company still has significant potential for growth, and its stock is relatively affordable. However, it is important to remember that all investments carry some risk, and you should always do your research before investing in any stock.

### Additional Information

– Redbox’s website: https://www.redbox.com/
– Redbox’s investor relations website: https://ir.redbox.com/
– Redbox’s stock quote on the Nasdaq: https://www.nasdaq.com/market-activity/stocks/rdbx

Leave a comment