August 19, 2019. We are in negative territory with our recent purchase of IRM Iron Mountain, even when the one dividend payment is added in. The technical indicators indicate growing momentum and IRM is still a buy. Here is a link to an article discussing IRM:
While Iron Mountain (IRM) is known for its core box storage business, the company has evolved into a much more diversified business model that includes shredding, digitization, and data centers.
In early July 2019 we published a note for marketplace members (iREIT on Alpha) explaining that “we estimate that IRM’s NAV is around $40.00 per share and there is a significant margin of safety that exists for the share price and the price that the market is assigning, with very little value to the brand equity of the enterprise.”
It seems that Mr. Market is also assigning a much lower value to Iron Mountain, and while I recognize that the balance sheet is no where close that of Simon or Tanger, I am cognizant of the fact that Iron Mountain has a highly diversified revenue stream with 230,000 customers in 45 countries on six continents. Arguably, this makes IRM one of the most diversified REITs in the world!
What the hell is a brokerage window you ask. As a simple explanation, it allows you to control your 401K monies. If your company offers a 401K plan and ‘matches’ your contributions, you should definitely participate in your companys’ plan.
The frustrations with these plans is the very limited investment choices, typically offering a few lousy ‘high fees’ mutual funds. Terrible. Going back to the late 70s thru our retirement we were always frustrated with the limited fund selections.
A better choice is to manage the monies yourself, or better yet thru a Registered Investment Advisor: NOT your local bank or a stock broker who only wants to collect commisions. We have listed several financial advisors, under the “About-Links” tab, which we have followed for years. SeekingAlpha.com also offers numerous financial subscription newsletters.
NOW IN OUR 7TH YEAR. NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About“
The ultra liberal New York times will now push racism to defeat Trump. It is so amazing to see how the press has become so biased.
Conservatives latched on to Baquet’s comments, suggesting the Times was deliberately trying to cast Trump as a racist in a pre-ordained storyline now that the Russia investigation was wrapped up.
“The takeaway? The NYT says it is mapping out a narrative in advance of any naturally-occurring, true news events, and plans to shape all natural-occurring, true news events so that they are reported in the context of racism. This is what they believe their readers want,” tweeted “Full Measure” host Sharyl Attkisson, whose program runs on the conservative Sinclair television stations.