They're fine financially. >$300M Cash, $70M of debt (most of which are capital leases). They say they've been approached by "multiple parties" so it's just a matter of trying to get the best offer. http://www.sec.gov/Archives/edgar/data/1107694/0001107694140...
Ok, so assume I am an idiot on this (not far wrong). Why is their stock price not high? Just because they are not satisfying shareholders / wall street analysts?
Are the slowly losing customers or see somethign in the future that will cause trouble?
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Since stock price seems to be independent of actual company performance these days...
Is Rackspace actually in financial trouble? Or is it a case of shareholders moaning that their returns aren't good enough?
They're fine financially. >$300M Cash, $70M of debt (most of which are capital leases). They say they've been approached by "multiple parties" so it's just a matter of trying to get the best offer. http://www.sec.gov/Archives/edgar/data/1107694/0001107694140...
Ok, so assume I am an idiot on this (not far wrong). Why is their stock price not high? Just because they are not satisfying shareholders / wall street analysts?
Are the slowly losing customers or see somethign in the future that will cause trouble?
This sums it up nicely: https://news.ycombinator.com/item?id=7753787.
Thanks, that does.