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Why Rackspace's Recent Weakness Is a Buying Opportunity

August 08, 2014 | About:
rusticnomad

rusticnomad

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robertcray
Robertcray - 1 month ago

Paying 38 times earnings for a company with an 8 1/2 % ROE doesn't look like a good long term or even short term holding, They put themselves up for sale about 3 months ago, and nothing has been announced so it looks like they are probably too expensive for an acquirer. And their competitors are midgets like Amazon, Microsoft and Google.

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