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Rackspace Hosting, Inc. Message Board

  • mybabiba mybabiba Aug 11, 2009 8:19 AM Flag

    Valuation Too high


    It is amazing how quick people forget 1999.

    This stock is a dot com trading at dot com valuations. They are a web host provider and prices for their service is only going down from here.

    The only reason this stock is up is for a short squeeze.

    I would look to buy maybe at $5. Give it 15 x next year earnings.

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    • you are correct...earnings per share went from 4 cents to 6 cents! bfd. over 60X PE? The stock at best is worth $5 but to those with shares..sell them and rejoice for winning the stock lottery this week.
      (you notice that their press release does NOT mention earnings per share? just this astounding 7 million profit for the Qtr? (they inventoried their paperclips this Qtr...and took a gain! about that bad!

      Sell 'em and rejoice.

    • Point taken but after the terrific beating the market as whole has taken, it is not dot bomb again. Things might be getting a little pricey but their future is bright and as they say the stock market always looks 6 to 9 months out.
      I am beginning to put stops in on my stocks, but don't ya think giving a price of 5 bucks is just as speculatively unwise as somebody saying it is going to 30 why not just enjoy and take profits

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