The Simplified Investor

Given the sorry state of the market these days, lots of investors are looking for so-called “recession-proof” investments - companies that will perform consistently in bull runs and bear markets to keep their money secure.  What better place to look than a company that dedicates itself to safekeeping?  Iron Mountain (NYSE:IRM) helps customers store and discard paper documents securely.  In effect, this means driving a van to a customer’s location, filling it with documents in boxes that IRM has sold to its customers, then driving them to a secure location to be retrieved when the company needs them, or shredded when the docs have outlived their usefulness.
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