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Rackspace Hosting, Inc. Message Board

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  • shortofaname_99 shortofaname_99 Nov 11, 2009 1:52 PM Flag

    Why the race for the exit today?

    That's what happens when a stock trades for 50x earnings. People are getting out of overvalued stocks and heading for safer ones. Wouldn't be surprised if RAX went back to single digits. Company is burning cash and trading at 7x book value.

 
RAX
33.46+0.91(+2.80%)Oct 1 4:11 PMEDT

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