IRM
Iron Mountain, Inc.
Industrial/Transportation
03/15/2018
Presented
| Date | 03/12/2018 |
| Price | $33.01 |
| Market Cap | $8.96B |
| Ent Value | $16.44B |
| P/E Ratio | 48.46x |
| Book Value | $8.12 |
| Div Yield | 5.62% |
| Shares O/S | 271.50M |
| Ave Daily Vol | 2,314,150 |
| Short Int | N/A |
Current
| Price | $122.00 |
| Market Cap | $35.79B |
| Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfillment services throughout U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, and Latin America and Asia Pacific regions. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment operates the data center and the fine art storage businesses in the U.S. Its services also include data centers, document imaging and management, secure shredding, consulting services, health information management, technology escrow services, marketing production and fulfillment services, and entertainment services. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA. |
Publicly traded companies mentioned herein: Iron Mountain Inc (IRM)
Highlights
The presenter is short shares of Iron Mountain (IRM), seeing long-term secular decline as a risk given the potential for the record storage and disposal business to be obviated by digitization and electronic record keeping. He believes the conversion of IRM into a REIT has helped obscure fundamental weakness and distracted investors from the proper metrics. By his calculations, IRM shares are more fairly valued at $10, down from $33 today.
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