Iron Mountain Stock Rises 11.6% in Six Months: Will the Trend Last?

Shares of Iron Mountain Incorporated (IRM) have rallied 11.6% in the past six months, against the industry’s fall of 3.1%.Iron Mountain boasts a stable and resilient core storage and records management business. A recurring revenue business model and a well-diversified tenant base assure steady cash flows. The company’s accretive buyouts and expansion efforts toward fast-growing businesses, like that of the data center, bode well for growth. A healthy balance sheet is likely to support the company’s growth ...