This morning, stocks were mixed ahead of January’s Consumer Price Index Report, which is expected to show prices increasing at their fastest annual pace since 1982.
“You’d be hard-pressed to find anybody that doesn’t believe the CPI number’s going to be hot, because we seem to be playing a game of leapfrog, with everyone trying to get more hawkish about what the Fed may or may not do and monetary policy in 2022,” said Art Hogan, chief market strategist at National Securities.
With so much uncertainty, investors have been seeking shelter among so-called “safety trades.” Stocks with relatively low volatility that come along with a reliable payout can bring peace of mind during uncertain times. Today we’ll focus on one such stock.
Palm Beach Group:
Teeka: “Buy this Ticker ASAP” – DONT USE.
With experts projecting gains as high as 1,530% by the end of this year… Anyone who doesn’t buy this ticker will most likely regret it later. Even Forbes has confirmed that when all is said and done, “a new class of millionaires may emerge.” Unfortunately, a recent study shows that only 3% of retirees have invested in this opportunity. That means most people will miss out. Don’t be one of them. Click here and get the ticker now… no strings attached. [REVEAL TICKER]
Boston-based, Information management services company Iron Mountain Inc. (IRM) provides information destruction, records management, and data backup and recovery services to more than 220,000 customers in 58 countries. The company has around 1,500 leased warehouse spaces and underground storage facilities around the world.
As a testament to Iron Mountain’s leadership in its core storage business, the company serves 225,000 customers, which includes about 95% of the Fortune 1000 companies. As for what the company stores, the wills of Princess Di and Charles Darwin housed in their facilities, as well as the original recordings of Frank Sinatra and Bill Gates’ Corbis photographic collection.
The need for Iron Mountain’s physical facilities will likely never disappear. Still, as digital storage becomes more widely adopted, the company should continue to grow along with its global data-center business, which contributed 8% of adjusted earnings through the first three quarters of 2021. The company and analyst community alike see the data center as a driver of steady growth in the coming years.
During its Q3 earnings call, Iron Mountain blew past consensus expectations of $0.70 FFO (funds from offering) per share, reporting $0.90. “Our Q3 performance demonstrates the continued strength of the business throughout the year, driven by our broad offerings, deep customer relationships, resilient business model, and strength of our team,” said CEO William Meaney. “Our Mountaineers have been executing well despite what continues to be a challenging environment, and we are pleased to continue to drive accelerated growth with continued strong uptake in our digital and SITAD offerings resulting in 19% year over year growth, strong storage growth of 3.2% with positive organic volume, and continued momentum in our Data Center business, which is well on track to deliver bookings in excess of 30 megawatts for the year.”
Iron Mountain forecasts that revenue this year will increase 7.5% from 2020 to about $4.47 billion. And the company also believes that its AFFO per share for this year will surge 10% from the previous year to about $3.39. Based on that projection, the payout ratio for its 5% dividend yield will be around 73%, allowing the company to retain the capital necessary to expand its data-center business even as it rewards shareholders.
Where to invest $1,000 right now...
Before you consider buying Iron Mountain, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Iron Mountain.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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