U.S. markets open in 5 hours 56 minutes

Iron Mountain Incorporated (IRM)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
43.61+0.19 (+0.44%)
At close: 4:05PM EDT
Sign in to post a message.
  • R
    Roger
    It looks like some short investors of IRM took the recent price drop to get out. I don't suspect many of them made much money, but they probably limited their loses at the very least.

    Shares Short on June 30, 2021 was 30.28M

    The previous weeks were:

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

    Short % of Shares on June 30, 2021 was 10.49%

    The previous weeks were:

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

    The recent numbers are the lowest they've been in quite some time. We'll hopefully continue to see these numbers drop over the next few months.

    Good Luck to all IRM Investors.
  • 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
  • J
    Jesse
    This company always rises prior to exdiv and dips afterwards. Overall trend is upward.
  • T
    Tunn
    A stalwart divy payer.
  • 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
    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.
  • J
    James
    Ex tomorrow and I'd wager we see 50 by the end of July. Too many good narratives and ever increasing prospects. Been here since 24 and not going anywhere soon.
    Bullish
  • C
    Craig
    Another sale/lease back in London freeing up nearby $145 million.
  • R
    Roger
    This is more great news from IRM.....

    IRM is expanding its data center footprint in London with the announcement of a new 27-megawatt built. In addition, the company recently added 4 megawatts of new capacity at its LON-1 data center, bringing the total power capacity at the facility to 9.1 megawatts.

    Iron Mountain’s second facility in London, LON-2, is located in the Slough Trading Estate. The three-story facility will offer new colocation opportunities, carrier-neutral connectivity options and easy access to preeminent global peering exchanges, global networks and cloud on-ramps.

    Additionally, the expansion at LON-1 will facilitate the company to provide a variety of on-site network services like rich connectivity options and dark fiber accessibility to hundreds of networks, clouds and service providers.
  • Y
    YEHUDA
    What happened to IRM? May be this drop is the opportunity to buy more shares?
  • D
    David
    IRM has completed or will soon complete 450 MW of data center leasing capability. This is in addition to the hugely profitable old storage business that is funding the new data centers. If priced relative to the market of data centers, the data center portion is worth $5b alone, valuing the old line business at only $8b. By EBITDA/debt evaluation, conservative market cap for IRM should be around $20b or around $60/share. At some point when data center grows out to 600 mw, this may have to be spun out if market still doesn't price it appropriately.

    To put it in perspective:
    IRM 450 MW, $13b market cap, 5.6% dividend, 11.5b debt, 1.4b ebidta
    Equinix, 1350 MW, a $68B market cap, 1.55% dividend, 14.6B debt, $2.6b ebidta.
    Digital Realty, 1850 MW, $44b market cap, 3% dividend, 14.8b debt, 2.14b ebitda
    Cyrusone, 900 MW, $9.2b, 2.7% dividend, 3.7b debt, $519m ebitda
    Coresite, 275 MW, $5.3b, 4.2% dividend, 1.9b debt, $315m ebitda
    QTS, 320 MW, $4.4b, 3.2% dividend, 1.9b debt, $248m ebitda