Iron Mountain Incorporated
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INM Details
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Potential yet to be seen: Iron Mountain Incorporated (ASX: INM) stock fell over 2.9% on October 04, 2016 partially owing to sector driven market volatility. The group earlier announced for 8-K Canada Debt Offering Closing (C$250 million in aggregate principal amount of 5.375% CAD Senior notes due 2023) for its Canadian subsidiary. INM stock otherwise fell over 7.2% in the last three months (as of October 03, 2016) and the pressure in the stock could continue going forward while we see that the group is yet to showcase growth potential.
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Recommendation: We give an “Expensive” recommendation on the stock at the current price of $47.48
Cimic Group Ltd
CIM Details
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Issues revolving around the accounting numbers: Cimic Group Ltd (ASX: CIM) continued to fall by 2.5% on October 04, 2016 with a total fall of over 22.1% in the last three months. The shares of CIM have been under pressure from the past few months after the release of the report from Australian Financial Review, wherein the Morgan Stanley analyst pointed against the accounting numbers of the group. CIM reported for $130 million of net profit for the quarter ending on March 31, 2016, but the Morgan Stanley analyst identified a disconnect between profitability and cash flow during the period. The group is otherwise paying dividend on October 05, 2016.
Recommendation:
Despite the stock fall, CIM shares are still trading at a relatively higher P/E. We give an “Expensive” recommendation on this dividend yield stock at the current price of 28.00
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