Hedge fund Highfields Capital disclosed a 5.4% stake in the total outstanding common shares of Iron Mountain (NYSE:IRM). IRM is the global leader for information protection and storage services. IRM delivers the expertise its customers seek for reducing the costs and mitigating the risks associated with the protection and storage of their information assets. The Company’s financial model is based on the recurring nature of its revenues. The predictability of this revenue stream and the resulting operating income before depreciation and amortization (OIBDA) allow IRM to operate with a high degree of financial leverage.

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