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Iron Mountain Inc. Message Board

  • shortofaname_99 shortofaname_99 Apr 30, 2009 2:07 PM Flag

    IRM overvalued at 35x EPS

    Incredible that people would pay such a rich multiple in today's market for a company that hardly generates any cash. The increase in EBITDA that they guided to today was entirely due to reclassifying operating leases into capital leases. Looks like investors are getting fooled by this sleight of hand.

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    • Shortofabrain,

      You are a great contra indicator:

      2/27 you bashed IRM, closing price was $18.43, as of today, stock is up over 55%

      Every time you've bashed IRM, you talk about EPS or P/E. Are you aware that there are many other metrics to evaluate a company? Are you aware that many many companies trade at a higher P/E than IRM for very long periods of time? Do you have any grasp or basic knowledge of IRM's business model? Have you been sleeping with Mexican Pig farmers?

      • 1 Reply to gnarpowgnarpow
      • Just to add....

        IRM has had a high PE since it went public over 10 years ago and look at it's return over that period. I do love when people run screeners and come up with IRM as something that is "overvalued" then bash based on it. Do your research and you'll learn more about the stocks than just their ticker symbols....

        I actually think 35x is historically low for IRM.

        Great company. Great management. Great business model.

    • When will you shorts learn. This is not a stock you want to mess with. IRM can spin as much cash as they want. They own the market and can increase price at will. You should go play in another sandbox.

 
IRM
32.18-0.47(-1.44%)Oct 1 4:02 PMEDT

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