Nov. 7 at 5:03 PM
$RXT Explain where this logic is flawed please…. Billions of debt is being raised in the underbelly of an industry Rackspace helped create, contributed to its shaping, and still has nearly
$3B in sales.
They are in this comparison even though the conversation is only on the other end of the debt to revenue extremes.
No headlines of a ~1x EV/S “problem”
Just debate about 50x (or 500x) being a “concern”
All while the conversation is for 2029/2030.
It would seem responsible of Rackspace to paint Apollo’s picture as the holder of their portion of this sector’s debt… and the fate of the public stock.
Tired of being “cheapest for a reason”
