The following video is part of our "Motley Fool Conversations" series in which consumer goods editor/analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin talks about a company that investors need to put on their watchlist today: Coinstar. This company has grown way beyond its namesake kiosks as its Redbox service has eclipsed its coin-counting service in terms of scale and profitability. But the company isn't content to rest on its laurels; it's inking deals with Verizon to stream content and venturing into selling refurbished electronics and gourmet coffee. It's that sort of forward vision we like to invest in here at The Motley Fool, and just one of the reasons you should watch this company today.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Motley Fool newsletter services recommend and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.