He decreased his stake in Iron Mountain by 47.8% to 4.7 million shares from 9.0 million.
Owning a fair number of the warehouses means Iron Mountain carries its share of debt.
FORBES: An Iron Mountain With A Warren Buffett Moat Around It
How could Iron Mountain hope to stay in business moving around and storing boxes full of paper documents?
FORBES: An Iron Mountain With A Warren Buffett Moat Around It
Autonomy grew through acquisitions, buying everything from storage companies like Iron Mountain to enterprise software firms like Interwoven.
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Iron Mountain assembled much of that space in the 14 years since an IPO, acquiring smaller document storage firms.
FORBES: An Iron Mountain With A Warren Buffett Moat Around It
Buffett also zeroed out his holdings in Iron Mountain ( IRM), CarMax ( KMX), NRG Energy ( NRG) and Home Depot ( HD).
Here is how Iron Mountain rationalizes its reawakening as a REIT.
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Iron Mountain uses DocuSign, an industry pioneer and now one of the established leaders in the business who will be a formidable competitor to Adobe.
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Building a moat around a digital storage business would seem to require some technological advantage, and why would we look to Iron Mountain to develop that?
FORBES: An Iron Mountain With A Warren Buffett Moat Around It
He decreased his stake in Iron Mountain (nyse: IRM - news - people ) by 47.8% to 4.7 million shares from 9.0 million.
The engine, which can be found on the Iron Mountain walking trail, is one of the many structural remains that once formed the complex network of operations in this area.
Since 2009, Iron Mountain has been relying on electronic signature technology to help speed up its sales and service processes which in turn has significantly increased cash flow.
FORBES: Thank You Adobe. My Bank Account Will Soon Be Grateful.
With its scale, Iron Mountain can be price competitive.
FORBES: An Iron Mountain With A Warren Buffett Moat Around It
Big companies like Iron Mountain.
FORBES: Thank You Adobe. My Bank Account Will Soon Be Grateful.
The company is betting that among the multitudes of sharers, there will be a significant portion that will pay for support and other premium services, such as advanced versioning, snapshots to outside mechanisms such as Iron Mountain, white labeling by resellers and enterprise customers, and so on.
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Cardiff's first-half dominance was unquestionable and the Iron were handed a mountain to climb early on as the Bluebirds, boosted by the return of previously rested Bellamy, broke the deadlock with their quickest goal of the season.
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