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Iron Mountain Incorporated (IRM)

NYSE - NYSE Delayed Price. Currency in USD
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43.76+0.32 (+0.74%)
At close: 4:05PM EDT
44.00 +0.24 (0.55%)
Pre-Market: 08:41AM EDT
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  • R
    Roger
    We continue to see short investors exiting their positions on IRM.

    Shares Short on July 15, 2021 was 28.59M

    The previous weeks were:

    30.28M (June 30)
    34.57M (June 15)
    33.38M (May 30)
    35.06M (May 15)
    36.38M (April 30)
    37.72M (April 15)

    Short % of Shares on July 15, 2021 was 9.90%

    The previous weeks were:

    10.49% (June 30)
    11.97% (June 15)
    11.56% (May 30)
    12.14% (May 15)
    12.60% (April 30)
    13.06% (April 15)

    These recent numbers are great to see. If these numbers continue to drop, it should put a lot less pressure on IRM's stock price.

    Good Luck to all IRM Investors.
  • M
    Mark
    I like what they did with the CEO's stock options. He can't exercise until 2024 and has until 2031 to expire.
    So his options are dependent on the stock price, not like a lot of companies where they just give away the stock. I think an independent chairperson of the board is good. If they want the big money make them earn it.
    Options 228K.
    Exercisable in 2024.
    Expire 2031.

    You can go to B&G food web site investor relations and get the full document.
  • M
    Mark
    We create stockholder value through high-margin brands and a disciplined acquisition strategy, and by returning a meaningful portion of our excess cash to our stockholders.
  • S
    S
    Storage and information management services company Iron Mountain Incorporated (IRM) has announced the acquisition of a data center in Frankfurt from Calcium DC Pte. Ltd. The company has acquired the data center for #$%$76 million. The deal is expected to close within the next 90 days, subject to customary closing conditions.The data center has 2.6 megawatts of leased capacity and 8 megawatts of capacity available for retail colocation customers. With strong network connectivity and a capacity to add edge computing in the future, this acquisition marks the second data center of Iron Mountain in Frankfurt ? a 27 megawatts pre-leased facility is already in its portfolio.The company?s focus on Frankfurt can be attributed to the fact that the city is a strong global data center market due to its standing as one of Europe?s major commercial and financial hubs.
    Bullish
  • J
    Jesse
    Several insiders just bought shares after the German data center announcement. To me thats a bullish signal.
    Bullish
  • T
    THOMAS
    👍Interest payments well covered by AFFO!👍
    Bullish
  • J
    Jesse
    This company always rises prior to exdiv and dips afterwards. Overall trend is upward.
  • c
    cindy
    I hope IRM continues to sell off until July 6th which is when we receive $$$ from our dividends and start going back before earnings. Good luck to all longs
  • R
    Roger
    It appears that the short position against IRM increased a little since the end of May, but it is still not as high as it was earlier than in the year. I suspect the increase in short positions is that some firms and investors believe IRM's share price had extended too far last month.

    Shares Short on June 15, 2021 was 34.57M

    The previous weeks were:

    33.38M (May 30)
    35.06M (May 15)
    36.38M (April 30)
    37.72M (April 15)

    Short % of Shares on June 15, 2021 was 11.97%

    The previous weeks were:

    11.56% (May 30)
    12.14% (May 15)
    12.60% (April 30)
    13.06% (April 15)

    i personally don't see this as a big ptoblem or even a warning sign, but it does put a little pressure on the share price of IRM. i still believe it's not a sound strategy to short a high dividend stock like IRM, but it will more than 2 months until we have the next Ex-Dividend day here (so the short investors have a little time on their side)
  • T
    Tunn
    A stalwart divy payer.
  • R
    Rex
    ⚠️ Dividend secure?⚠️
    Bearish
  • T
    Theodore
    I looked at the Argus forecasts. somewhat every 2 weeks. Their summary is boilerplate. No explanation why it will get to 34 from 41. Maybe in their charts. it has long been said the price of a stock has little to do with how the business performs. Why does a stock dip after good earnings? Because analysts expected even higher earnings. But FYI, at today's prices and fed rates, you can borrow on margin and make more in dividends. But do your own math. Interest for one year. 4 x dividends.
  • J
    Jesse
    People are worried about the S&P falling should put their money in IRM.
  • R
    Roger
    That was an ugly day. Many of my REIT stocks were down some, but not like IRM. I didn't see any news on IRM that would have caused such a drop.
  • R
    Rex
    ⚠️Substantial insider selling over the past 3 months ⚠️
    Bearish
  • S
    S
    it looks like today could be an excellent buying opportunity.
    Bullish
  • D
    David
    QTS buyout gives great appraisal for IRM business:

    As I posted previously,

    last available stats:
    QTS, 320 MW, $4.4b, 3.2% dividend, 1.9b debt, $248m ebitda
    IRM 450 MW, $13b market cap, 5.6% dividend, 11.5b debt, 1.4b ebidta, 1.6b ebitda guidance for 2021

    Now, buyout of QTS for $6.7b plus assumption of debts, implies that IRM digital business worth about $9b plus assumption of ~3b debts, leaving $4b market cap to cover an old-line business generating ~1.1b ebitda at $8.5b debt.

    I mean that is hugely undervalued. I am surprised this hasn't been bought out by Berkshire, BAM, or some other large group @$65 and taken private.
  • w
    willingtoteach
    WOW- it’s ex dividend day and it already made it up plus- LOVE THIS COMPANY!
  • R
    Roger
    There is a lot of after hours volume tading of IRM today. The price isn't really moving up or down with all that trading. I'm not sure that's good or bad news.
  • C
    Craig
    Another sale/lease back in London freeing up nearby $145 million.