Shotgun Capital Advisors Survey Takes Aim at Document Destruction Industry

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Courtesy of Security Shredding & Storage News

Despite the economic downturn, the document destruction industry predicts strong revenue growth this year according to an annual industry survey.

Despite  the  economic  downturn,  the document destruction industry predicts strong revenue growth — in some cases of  more than 20 percent — this year, according  to an annual industry survey.

“Revenue  growth  expectations  for  2010  are  in the 12.8 percent range and are  in  line  with  2008  growth when  you  factor  in filling  the hole left behind by the fall in paper prices,”  the  report  said.  “Shredding  service  revenue  (recurring  and  purge  services)  in  2010  is  expected to grow at double the pace set in 2009.” 

“This  is  trending  toward  becoming  a  banner  year  for  the  industry,”  noted  Jim McGuire,  president  of   Shotgun Capital Advisors, the ' rm which conducted the survey. 

At  the  same  time,  however, more  than  half   of   the  respondents  expressed  concern  about increasing competition from companies  offering  what  was  described  as  “insane discounts” on shredding services in the hope that they would profit when the price per ton of shredded paper increases.

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