second attempt to reply, hope this works. When I saw the headline thought it looked great but if you look at projected revenues from this not that great relative to overall income. I find it somewhat confusing as to what their strategy is going forward, this on one hand sounds like a concession to amzn, and that might have bigger negative implications going forward. They are in a sense sacrificing revenues that amzn will make on their portion of the entire transaction. Is Rax transforming itself into service specialist? And if this is true is this somewhat an act of desperation given the growth in competition. I am not saying the possibly negative outlook mentioned is true, it just crosses my mind.
Why would they be bought? To big and when was the last time you heard about someone buying a steel company? I would be very doubtful, but if someone looks at it and says I know how to drastically cut costs, that could make it possible. Also doubt anyone rushing in to buy any commodity stocks in general these days.
made a few bucks, I keep thinking market pukes the close, but we shall see.
Interesting post. I have been surprised the stock has fallen this much, and must indicate prior merger not yielding what was hoped. However sometimes this sort of situation takes more time than expected. Do you think the integration is not going well?
bad trader, bad person, bad.
Hi your an
American dumb trader who is so clueless he must feign being Chinese. No idea what that's about other than a douche who has not idea where and what. You must never post again as you really lie and know nothing, but thanks for trying.
of product, giving them an edge over others (AMZN). Judging by stocks price action this may not be true. Does Rax in fact posses some edge over others or have technological developments in the space made this into more of a commodity than expected? I know most companies in this sector not doing well either due to competitive pricing pressures, to which Rax has not been immune.
at today's post share price readjustment, and he was interviewed on cnbc about 15 years ago, stock was already down a lot and he was going to double down at about 400 or put his life savings into it, something like that. Bad investment,doubt he hung on, but ya never know.
Still does not like the market.
1 point range on spy's. Some quick moves. Bought the dips and sold the rips on them for a few bucks. I thought things would head up, but did not expect the rate increase warning. Got a feeling this 1 point range plays out in the am unless overnight foreign markets do something unexpected, which of course can easily happen.
Best thing removes some uncertainty. Bad news is should strengthen dollar, not good. Period before rise can be volatile, not great either, but people want to be long going into eoy. Also how overseas markets react will have further effects. Suspect market acts confused for a about a day.
I suspect up, but we shall see.