Buy it bro! Your newfound optimism should allow you to look to the sky and pluck that dip buying opportunity as if you're catching an angel falling from grace.....Buy the dips! In all seriousness...that's a great short.
No. It's a terrible company with terrible prospects, blast. And it depends far too much on the U.S. economy - exactly the kind of company I am avoiding right now, unless the company sells something the beleaguered masses HAVE to have (i.e. gasoline, cigarettes, certain medications).
You make beleaguered masses sound like meth-heads....the only thing you forgot was razor blades and ammunition. Yes, RACK is a good short. I agree. I don't have the patience for a lot of these plays.
Avoid this if your looking for a rebound play the plunge 4 months ago should have told you everything Glad I didnt fall for the RACK hype when it was at 40
Kinda late in the cycle, the short party started 4 months ago: http://www.elitetrader.com/vb/showthread.php?s=&threadid=82142&pagenumber=2 It's probably good for another dollar or two on the short side up through their Q1 release in a few weeks.