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Iron Mountain to Digitalize San Francisco's Baseball Legacy
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Recently, Iron Mountain Incorporated (IRM - Free Report) announced a project with the San Francisco Giants for digitalizing more than18,000 audio and video tapes. This project will digitally transform 100 years' worth of audio and video baseball archives.
Iron Mountain's Entertainment Services team will convert, catalog and preserve the collection, enabling complete protection and easy availability for baseball fans. In fact, this team specializes in media storage, digitization and restoration services.
Moreover, in August, the company relocated a collection of archives from San Francisco to a temporary climate-controlled location in Los Angeles. With this, the baseball team’s collection of audio, film and video assets remain secure in the company’s vault. Further, its Digital Studios team will provide on-premise digitization services. In fact, it maintains chain-of-custody processes that enable digitalization for efficient storage and monetization.
Over the last 60 years, the Giants have accumulated sizable media artifacts with three World Series’ victories, nine division titles and six National League pennants. This collection comprises photographs, films and audio tapes which may be damaged owing to wear and decay. Hence, transitioning to a digital environment will ensure data preservation and provide fans a digital experience of the team’s history.
Per management, Iron Mountain’s focus to offer data preservation and digitalization across all industries enables it to transform assets and maintain its value for future use.
The company has been making efforts to improve its core business by offering additional services. In September, it added data-center colocation and network services to its offering in the company's Schedule 36 vehicle contract with the General Services Administration (GSA), under Special Item Number 51-600 for Electronic Records Management Solutions. The move indicates the company’s focus to continuously grow its Federal business. (Read more: Iron Mountain Adds Data-Center Services to GSA Schedule 36)
Nevertheless, the company’s revenues from its Service segment remain modest due to declining activity rates as stored records are becoming less active. Also, recycled paper prices continue to fall. The recovery may be slow in the near term, thus making it difficult for the company to achieve its top-line targets.
Shares of this Zacks Rank #3 (Hold) company have underperformed its industry over the past six months. Its shares have gained 6.6%, while the industry has recorded growth of 7.8% during this time frame.
Stocks to Consider
A few better-ranked stocks from the REIT space are Innovative Industrial Properties, Inc. (IIPR - Free Report) , Park Hotels & Resorts Inc. (PK - Free Report) and W. P. Carey Inc. (WPC - Free Report) . While Innovative Industrial Properties flaunts a Zacks Rank #1 (Strong Buy), Park Hotels and W. P. Carey carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Innovative Industrial Properties’ Zacks Consensus Estimate for 2018 FFO per share remained unchanged at $1.19 in the last seven days. Its shares have gained 65.4% in the past six months.
Park Hotels & Resorts’ current-year FFO per share estimates inched up 1.4% to $2.93 over the last 60 days. Its shares have appreciated 21.7% over the past six months.
W. P. Carey’s FFO per share estimates for 2018 remained unchanged at $5.43 in 30 days’ time.The stock has rallied 5.1% in six months’ time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Iron Mountain to Digitalize San Francisco's Baseball Legacy
Recently, Iron Mountain Incorporated (IRM - Free Report) announced a project with the San Francisco Giants for digitalizing more than18,000 audio and video tapes. This project will digitally transform 100 years' worth of audio and video baseball archives.
Iron Mountain's Entertainment Services team will convert, catalog and preserve the collection, enabling complete protection and easy availability for baseball fans. In fact, this team specializes in media storage, digitization and restoration services.
Moreover, in August, the company relocated a collection of archives from San Francisco to a temporary climate-controlled location in Los Angeles. With this, the baseball team’s collection of audio, film and video assets remain secure in the company’s vault. Further, its Digital Studios team will provide on-premise digitization services. In fact, it maintains chain-of-custody processes that enable digitalization for efficient storage and monetization.
Over the last 60 years, the Giants have accumulated sizable media artifacts with three World Series’ victories, nine division titles and six National League pennants. This collection comprises photographs, films and audio tapes which may be damaged owing to wear and decay. Hence, transitioning to a digital environment will ensure data preservation and provide fans a digital experience of the team’s history.
Per management, Iron Mountain’s focus to offer data preservation and digitalization across all industries enables it to transform assets and maintain its value for future use.
The company has been making efforts to improve its core business by offering additional services. In September, it added data-center colocation and network services to its offering in the company's Schedule 36 vehicle contract with the General Services Administration (GSA), under Special Item Number 51-600 for Electronic Records Management Solutions. The move indicates the company’s focus to continuously grow its Federal business. (Read more: Iron Mountain Adds Data-Center Services to GSA Schedule 36)
Nevertheless, the company’s revenues from its Service segment remain modest due to declining activity rates as stored records are becoming less active. Also, recycled paper prices continue to fall. The recovery may be slow in the near term, thus making it difficult for the company to achieve its top-line targets.
Shares of this Zacks Rank #3 (Hold) company have underperformed its industry over the past six months. Its shares have gained 6.6%, while the industry has recorded growth of 7.8% during this time frame.
Stocks to Consider
A few better-ranked stocks from the REIT space are Innovative Industrial Properties, Inc. (IIPR - Free Report) , Park Hotels & Resorts Inc. (PK - Free Report) and W. P. Carey Inc. (WPC - Free Report) . While Innovative Industrial Properties flaunts a Zacks Rank #1 (Strong Buy), Park Hotels and W. P. Carey carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Innovative Industrial Properties’ Zacks Consensus Estimate for 2018 FFO per share remained unchanged at $1.19 in the last seven days. Its shares have gained 65.4% in the past six months.
Park Hotels & Resorts’ current-year FFO per share estimates inched up 1.4% to $2.93 over the last 60 days. Its shares have appreciated 21.7% over the past six months.
W. P. Carey’s FFO per share estimates for 2018 remained unchanged at $5.43 in 30 days’ time.The stock has rallied 5.1% in six months’ time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>