Stock Research and Analysis
by Vishnu LekrajFounded in an old Livingston, New York, mine shaft in 1951, Iron Mountain is the premier document management company. The firm helps its customers store, protect, and destroy physical and electronic document records. The document management industry Read more 
Bulls Say
The firm is by far the largest player within the document management industry.
The strong recurring revenue stream of the firm's business model makes Iron Mountain an extremely stable business.
Annual pricing increases will now be instituted, and this should improve margins. Read more
Bears Say
Document management services are extremely capital intensive, which has hampered ROICs.
Iron Mountain has sought to move into international markets in order to service its multinational customers and this creates more currency and political risk for the firm.
The firm's competitive advantages within the growing digital document management space are not as strong as they are for its core physical document management service line. Read more
Strategy
Management has moved the firm's core focus away from growth and toward building profitability. In the past the firm pursued a rollup strategy, acquiring smaller players within the document management Read more
Management
Robert Brennan became CEO in mid-2008, taking over for longtime CEO C. Richard Reese. Before taking over the leadership role, Brennan held several leadership positions throughout Iron Mountain and one of its predecessor business lines. We believe stewardship Read more
Profile
Iron Mountain is the dominant player within the document management industry. The firm services over 120,000 customers worldwide though a network of 3,500 vehicles and 1, Read more
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