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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 shareholde

• badamson 12y ago
  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/1107694/000110769414000025/rax8k_051514.htm http://www.sec.gov/Archives/edgar/data/1107694/0001107694140...
  • rurounijones 12y ago
    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?
    • badamson 12y ago
      This sums it up nicely: https://news.ycombinator.com/item?id=7753787 https://news.ycombinator.com/item?id=7753787.
      • rurounijones 12y ago
        Thanks, that does.