January 12, 2018
There have been so many positive articles on Iron Mountain IRM (a REIT) recently that we decided to suggest you look at this Company. (Most investors have probably never heard of this company.)
NOTE: We already own an Iron Mountain Corporate Bond in the Core Portfolio. So we are not buying the stock. There is an Iron Mountain bond available but it does not mature until 2024 so we would not buy it.
Iron Mountain is basically involved in the paper storage business for large companies that want to store records. It pays over 6%. Can you believe Iron Mt has been around since 1951. Before buying IRM look at the article and the link is below.
Since then, the company has become the world’s largest record management storage solution provider, with 1,433 facilities in 53 countries on six continents. It serves 230,000 customers, including 95% of the global Fortune 1000.
Highly respected Kiplinger is once again making a recent issue of their income newsletter available. We have never been a subscriber, but it makes interesting reading. You may find some good investment ideas.