Dividend Growth Forum

Full Version: What Did You Buy Today?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767
Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal
(04-17-2020, 11:36 AM)stockguru Wrote: [ -> ]I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

I went with SQQQ today, which is a similar fund geared towards shorting the NASDAQ index. With the TTM P/E on the NASDAQ above where it was on 12/31/2019 heading into a bunch of tech earnings next week, seemed like the right add on the speculative gambling side of the portfolio.
(04-17-2020, 12:04 PM)Otter Wrote: [ -> ]
(04-17-2020, 11:36 AM)stockguru Wrote: [ -> ]I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

I went with SQQQ today, which is a similar fund geared towards shorting the NASDAQ index. With the TTM P/E on the NASDAQ above where it was on 12/31/2019 heading into a bunch of tech earnings next week, seemed like the right add on the speculative gambling side of the portfolio.
Otter, when you get bored I think we need to launch a "shorting" thread.  On at least one occasion our conversations have caused others to jump in short the market and then get scared and bail literally a day or so later.  That's not how effective hedging is supposed to work.  That's certainly not my goal if I contributed to it.  I think it would be a service to our friends to discuss the many ways to short, and explain the pros and cons.  As you know it can be very simple or extremely complicated.  I'm no pro but I know what I am getting into when I launch a position.
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.
I enjoy the back and forth here rather than IRM,MMM,KO buy,buy buy.  I've looked at IRM as well.  Paper document storage probably will exist for 50 years, but can you make any real money providing that service?  I have no clue.  I have built a half dozen computers from scratch but I sure as hell don't know how to value the business aspects of the components.  I hate it because tech will obviously outperform until we die.  Maybe that's why they make tech ETFs for people like me?
(04-17-2020, 12:11 PM)fenders53 Wrote: [ -> ]
(04-17-2020, 12:04 PM)Otter Wrote: [ -> ]
(04-17-2020, 11:36 AM)stockguru Wrote: [ -> ]I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

I went with SQQQ today, which is a similar fund geared towards shorting the NASDAQ index. With the TTM P/E on the NASDAQ above where it was on 12/31/2019 heading into a bunch of tech earnings next week, seemed like the right add on the speculative gambling side of the portfolio.
Otter, when you get bored I think we need to launch a "shorting" thread.  On at least one occasion our conversations have caused others to jump in short the market and then get scared and bail literally a day or so later.  That's not how effective hedging is supposed to work.  That's certainly not my goal if I contributed to it.  I think it would be a service to our friends to discuss the many ways to short, and explain the pros and cons.  As you know it can be very simple or extremely complicated.  I'm no pro but I know what I am getting into when I launch a position.

Could do, and we could have plenty of discussion about roll yield (contango, backwardation), and how put option premiums respond to VIX, all the greek letters, etc., but it would all boil down to a single rule:

1. This is gambling. Only risk what you are willing to lose. The majority of options contracts expire worthless.
(04-17-2020, 12:29 PM)Otter Wrote: [ -> ]
(04-17-2020, 12:11 PM)fenders53 Wrote: [ -> ]
(04-17-2020, 12:04 PM)Otter Wrote: [ -> ]
(04-17-2020, 11:36 AM)stockguru Wrote: [ -> ]I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

I went with SQQQ today, which is a similar fund geared towards shorting the NASDAQ index. With the TTM P/E on the NASDAQ above where it was on 12/31/2019 heading into a bunch of tech earnings next week, seemed like the right add on the speculative gambling side of the portfolio.
Otter, when you get bored I think we need to launch a "shorting" thread.  On at least one occasion our conversations have caused others to jump in short the market and then get scared and bail literally a day or so later.  That's not how effective hedging is supposed to work.  That's certainly not my goal if I contributed to it.  I think it would be a service to our friends to discuss the many ways to short, and explain the pros and cons.  As you know it can be very simple or extremely complicated.  I'm no pro but I know what I am getting into when I launch a position.

Could do, and we could have plenty of discussion about roll yield (contango, backwardation), and how put option premiums respond to VIX, all the greek letters, etc., but it would all boil down to a single rule:

1. This is gambling. Only risk what you are willing to lose. The majority of options contracts expire worthless.
You can short without buying options.  I don't consider hedging in moderation as gambling if you are protecting a large long portfolio.  Going long is gambling too unless you happen to know how the next decade is going to turn out.  That was the point of my suggestions we do a thread.
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

While many view paper storage as an "old" and "dying" industry, for many companies storing old data is essential and sometimes compelled by law. Converting records to digital is extremely expensive and even destroying records is expensive relative to storing them. So there is a big need for this. Their document storage segment of the business has little competition and high cash flow generation to feed expansion.

And they just started getting into data center industry. They provide secure, compliant data centers with efficient access to top carriers, cloud and IT services providers. Easily access cloud, telecom, and IT services providers. Plus, make remote management efficient with our software and smart hands.

Binary

(04-17-2020, 12:36 PM)divmenow Wrote: [ -> ]
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

While many view paper storage as an "old" and "dying" industry, for many companies storing old data is essential and sometimes compelled by law. Converting records to digital is extremely expensive and even destroying records is expensive relative to storing them. So there is a big need for this. Their document storage segment of the business has little competition and high cash flow generation to feed expansion.

And they just started getting into data center industry. They provide secure, compliant data centers with efficient access to top carriers, cloud and IT services providers. Easily access cloud, telecom, and IT services providers. Plus, make remote management efficient with our software and smart hands.

I started to look closer, but the debt level scared me off. Free cash flow doesn't cover the dividend, how do they pay? That was a red flag for me.
(04-17-2020, 12:58 PM)Binary Wrote: [ -> ]
(04-17-2020, 12:36 PM)divmenow Wrote: [ -> ]
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

While many view paper storage as an "old" and "dying" industry, for many companies storing old data is essential and sometimes compelled by law. Converting records to digital is extremely expensive and even destroying records is expensive relative to storing them. So there is a big need for this. Their document storage segment of the business has little competition and high cash flow generation to feed expansion.

And they just started getting into data center industry. They provide secure, compliant data centers with efficient access to top carriers, cloud and IT services providers. Easily access cloud, telecom, and IT services providers. Plus, make remote management efficient with our software and smart hands.

I started to look closer, but the debt level scared me off. Free cash flow doesn't cover the dividend, how do they pay? That was a red flag for me.
IRM is good little company. I bought  a few times this month. My thinking is that with all of the volumes of paperwork and information coming out of the government's efforts to boost the economy, IRM will pick up a lot of this business. Think about all the bank documents (loans, modifications, etc), unemployment files and data, information about restructured companies, etc. They need to house this stuff somewhere. I liken IRM to Self Storage warehouses. They get busy when our lives get upended (divorce, lost jobs, lost house, death, people moving around).

They are in the sweet spot. 
(04-17-2020, 12:36 PM)divmenow Wrote: [ -> ]
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

While many view paper storage as an "old" and "dying" industry, for many companies storing old data is essential and sometimes compelled by law. Converting records to digital is extremely expensive and even destroying records is expensive relative to storing them. So there is a big need for this. Their document storage segment of the business has little competition and high cash flow generation to feed expansion.

And they just started getting into data center industry. They provide secure, compliant data centers with efficient access to top carriers, cloud and IT services providers. Easily access cloud, telecom, and IT services providers. Plus, make remote management efficient with our software and smart hands.
Somehow I don't see this as a very successful enterprise.  There is a lot of competition already and many companies move to the cloud.  I've seen companies closing down and selling their datacenters or moving out from a rental space in commercial datacenters. Company can connect directly to the cloud provider and their circuit providers like Verizon or ATT have already redundant connections to cloud providers. There is no need for another datacenter in the middle. 
As far as physical material storage provider,  like paper or backup tapes, I think they will continue to be successful.  Just don't see this as a groving business.
(04-17-2020, 10:02 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:36 PM)divmenow Wrote: [ -> ]
(04-17-2020, 12:14 PM)MikeWa Wrote: [ -> ]
(04-17-2020, 12:00 PM)divmenow Wrote: [ -> ]Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

While many view paper storage as an "old" and "dying" industry, for many companies storing old data is essential and sometimes compelled by law. Converting records to digital is extremely expensive and even destroying records is expensive relative to storing them. So there is a big need for this. Their document storage segment of the business has little competition and high cash flow generation to feed expansion.

And they just started getting into data center industry. They provide secure, compliant data centers with efficient access to top carriers, cloud and IT services providers. Easily access cloud, telecom, and IT services providers. Plus, make remote management efficient with our software and smart hands.
Somehow I don't see this as a very successful enterprise.  There is a lot of competition already and many companies move to the cloud.  I've seen companies closing down and selling their datacenters or moving out from a rental space in commercial datacenters. Company can connect directly to the cloud provider and their circuit providers like Verizon or ATT have already redundant connections to cloud providers. There is no need for another datacenter in the middle. 
As far as physical material storage provider,  like paper or backup tapes, I think they will continue to be successful.  Just don't see this as a growing business.
When I researched it I noticed no significant organic revenue growth.  It's probably negative in reality.  All growth has been through expansion.  That isn't necessarily a wrong strategy, but that debt has increased every year for a long time.  It exceeds market cap by a margin.  I don't understand the cloud well enough to assess it from that perspective, and obviously that is important.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767