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Iron Mountain Offers The Best Of Both Worlds

Feb. 24, 2023 8:10 AM ETIron Mountain Incorporated (IRM)9 Comments


  • Iron Mountain appears to be doing rather well with record fourth quarter results.
  • It's seeing strong data center growth and is closing deals around the world.
  • I also highlight the dividend, outlook, valuation, and other important points.
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There are some stocks that offer stability and others that offer growth, and many investors will try to build a portfolio around these two themes through diversification. Such a strategy may involve having to

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I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of IRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (9)

Bought around $24 - I am having a real hard time to buy more at the current levels. But I am selling Puts at 50 or 47.5$, maybe I will add through these at some point.
@Thraciel selling some covered calls at these levels can also generate some extra yield. I have been selling them out of the money and have a similar cost basis with a long-term hold. Yield on cost is excellent.
@REITInvestor00 unfortunately I did not buy a 100 shares back then…
But you’re right in general following this strategy with two other stocks
pantherdoc profile picture
IRM has great forward visibility, strong revenue streams, and excellent penetration into the Fortune 1000 companies. It is safe, predictable and has entered businesses with immense total addressable markets.
IRM -- definitely worth hanging on to for this retired income investor.
southerndividend profile picture
my how things have changed at one time iron mountain was a dog you could not get a positive artical its business was in decline dividend cut was just around the corner i watched when people drove it into the low teens and i kept buying. now it seems everyone is positive i'm glad i did not listen and held on now i hear rumors of a dividend increase. everyone should make their own decisions take the positive and negative articals with a grain of salt i get nervous when everyone is positive.
Investing for Freedom profile picture
@southerndividend I bought my first tranche of $IRM back in Oct. 2018 and added thereafter between $24- $30/share. I know exactly how you feel. LOL!
Full position in IRM @31.34 and NVDA @37.11 I'm a happy camper;)
Would like to see a bit of a dip before adding. Long IRM.
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