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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (31176)	4/27/2019 8:43:39 AM
From: rnsmth	1 Recommendation Recommended By JimisJim Respond to of 34328

IRM may be a good story and a good investment for those who do not mind buying a company with a junk debt rating with plans of that improving. All I really said it that the junk grade debt rating and the SSD dividend score would keep me from buying it. I have a couple of other companies with borderline dividend safety ratings. I am comfortable with those, under my usual buy and monitor regime, but do not need and will not buy any additional ones.

To: Ditchdigger who wrote (31176)	4/27/2019 9:03:02 AM
From: rnsmth	1 Recommendation Recommended By JimisJim Read Replies (1) \| Respond to of 34328

Mixed reactions to Iron Mountain's print Apr. 26, 2019 7:25 AM ET\|About: Iron Mountain Incorporated (IRM)\|By: Brandy Betz, SA News Editor Baird downgrades Iron Mountain (NYSE: IRM) from Neutral to Underperform and cuts the target from $34 to $27 after this week's earnings print. SA contributor Rida Morwa of High Dividend Opportunities remains "very bullish on the long-term prospects of IRM" and calls the "overdone" selloff a buying opportunity. Morwa notes that unusually high expenses due to labor and new initiatives led to downside margins and lower profits. IRM's management has "a good track record," and the company is aiming to increase Adjusted EBITDA margins by 650 bps.

To: Ditchdigger who wrote (31176)	4/27/2019 3:58:53 PM
From: JimisJim	Respond to of 34328

I think IRM has been flying under the radar because of their shifting emphasis in biz model... I read their plans, looked at their balance sheets, etc. and I gotta say, I liked what I saw mostly and didn't really see any red flags. This one is a sleeper, IMO... So I bought (legging in starting in late 2017 and finished building it up by March last year) up to a full position with some spare divvy cash that had piled up in that acct... It's share price is only 1.12% below my ave. cost basis, but I've received 4 dists. after achieving full position and adding them up gets me exactly 7+% of my original investment, so I'm not complaining... I think they are making all the right moves biz-wise and I expect there will be significant growth the next few years... sure, as with most 7.5% yielders, there's some risk somewhere in the cake, but in the key areas, I think IRM is exactly what I wanted to add at that time. However, I have a pretty good feel for roni's investment/income streams in retirement and he's pretty well set, IMO and doesn't need to risk anything to have a secure retirement financially. I'd probably have passed on IRM mice self (old inside joke) if I were in his shoes.