Reevaluating Iron Mountain: A Need for Further Share Price Decline

Iron Mountain's shares need to decline further before the company becomes a viable prospect again, according to a recent analysis. The company is undergoing a major transformation with its Iron Mountain Digital business, which is shifting from a focus on physical data storage to cloud-based data management. This shift has caused concerns among investors, leading to a decline in the company's stock price. Despite this, some analysts believe that Iron Mountain's strong revenue growth and expanding margin profile make it a worthwhile investment. However, investors should remain cautious and closely monitor the company's progress before making any investment decisions.