Rackspace Hosting (RAX) had its head in the clouds when the stock was $80. Now after dropping to $55 its almost reasonable to buy.
Gosh, Rackspace (RAX) is such a good stock — if you own it. If not, you’re always looking up, RAX is always too high to buy.
Shares of Rackspace Hosting (RAX) have jumped from the low-$40s to $70 sincs early August. That’s just crazy. The P/E is 93. Crazy.
Rackspace Hosting (RAX) is one of the fastest growing companies around. But even after the stock market’s fall during May, RAX is still too high.