Massive 8%+ Dividend Yield w/ Weekly Trend Intact
Wow. As per usual with a crazy downwards move we have an analyst to take for the drop. But does the rest of the forecast and overall fundamentals still hold up?
IRM management has been showing signs of being aggresively offensive IMHO in switching parts of their business into new service areas and new markets to increase revenue year-on-year.
If we take a moment to zoom out to the long-term picture on the weekly chart. We can see that the overall trend is still upwards and even with a massive drop yesterday. The price ended up kissing the upwards trendline and finding support.
I'm adding to my position here and continue to see IRM as a solid long-term play. Not to mention that 8%+ dividend yield at current prices while we wait.
IRM management has been showing signs of being aggresively offensive IMHO in switching parts of their business into new service areas and new markets to increase revenue year-on-year.
If we take a moment to zoom out to the long-term picture on the weekly chart. We can see that the overall trend is still upwards and even with a massive drop yesterday. The price ended up kissing the upwards trendline and finding support.
I'm adding to my position here and continue to see IRM as a solid long-term play. Not to mention that 8%+ dividend yield at current prices while we wait.