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We recommended buying shares in Iron Mountain long before COVID-19. In fact, we were one of the very first dedicated REIT analysts to cover it back in 2012.
It’s hard to argue with 34% annual returns since 2015. Though I have to give credit where credit is due: The shutdowns created a definite window of opportunity to overweight.
The question that remains today is whether to buy, sell, or hold IRM shares….