Mar. 20 at 4:04 PM
$RXT looks like a turnaround name with more upside than most people realize.
Cloud, managed services, security, and enterprise support are still real demand lanes, and if Rackspace keeps tightening operations, improving margins, and proving it can execute through the noise, the stock can rerate hard from depressed levels. This is the kind of name the market buries when sentiment is broken, then suddenly rediscovers once the numbers start improving.
Not a clean story yet, but that is exactly why the opportunity exists. If management shows real progress, today’s price could look absurdly low in hindsight. Bullish.
