Berkshire filed Q1 report showing it continues to sell IRM shares. I guess Buffett realizes that a co. trading at 38x EPS, with no organic growth in operating income and not generating any cash is not a good investment.
Agreed, this is may be the most over valued high yield industrial company today. Both in terms of equity and stock. Was considered a defensive stock but is outrageously expensive
I meant to say both in terms of debt and equity. Their CDS trades at less than 500bps.
"I guess Buffett realizes that a co... not generating any cash"Err, I don't know where you get that, they generate more than $100M quarterly.
DO you think a company that can get rid of computer and paper evidence isn't important and growing in this mess???
LOL...he hates it so much that's why he owns 3.5 million shares.
Good call. You really did your homework here. Do you even know what IRM does?