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Company ripped by Elon Musk that stores government records in a mine may actually get a boost from DOGE

1. Elon Musk criticized government inefficiency at Iron Mountain's data facility. 2. Iron Mountain's CEO views new efficiency initiatives as growth opportunities. 3. Company earns $130 million from digitization, eclipsing $10 million from government contracts. 4. Analysts consider stock's recent decline to be an overreaction to Musk's comments. 5. Government needs to store records, providing ongoing demand for Iron Mountain's services.

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FAQ

Why Bearish?

Musk's comments sparked concerns regarding federal contracts, causing a stock price drop.

How important is it?

Musk's influence on perception can sway investor sentiment despite fundamental strengths.

Why Short Term?

Initial investor panic may subside as clarifications on contracts emerge.

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