Iron Mountain Stock Is Clearly Overvalued

Erik Isakson Iron Mountain Incorporated (NYSE:IRM) is an interesting trust and has good growth prospects. However, this is more than reflected in its valuation, which is difficult to justify at 32x FFO. Company Overview Iron Mountain is a Real Estate Investment Trust ("REIT") specializing in data storage and information management, providing records management, data management solutions, and information destruction services. It was founded in 1951, and nowadays has more than 240,000 customers in 60 countrie ...