Malcolm Ethridge, Mgn. partner, Capital Area Planning Group

He bought into weakness (not strength). He bought it as an AI play. TSM is their biggest customer. They've had a problem with China for a while, though boasts over a 50% profit margin. They're turning a corner, because the AI conversation has shifted from laptops and PCs to going mobile. So, they will need to buy new equipment, and this benefits ASML.

Has been a momentum stock the past 5 years while shifting from hardware to software with subscriptions boosting revenues. That's when this company shifted.

He looked at big tech and the big bands which reported solid earnings, and yet the market sold them off. He expected the same from IRM, and that's what's happened. He owned this and collected only the 3% dividend. 

Sold it because it's been dead money for the year he's owned it. Collected only a 3% dividend for holding it.

Will rise when the Fed cuts interest rates.