Bear of the Day: Iron Mountain – Bear of the Day
Posted on January 07, 2013 at 07:15 AM EST
Iron Mountain (IRM) reported a dismal third quarter negatively impacted by lower-than-expected organic growth in the core services coupled with contraction in activity-based service revenue and decline in recycled paper prices. The company provided a tepid outlook. Although the company's decision to convert into an REIT would definitely increase shareholders value and reduce the tax [...]
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