Thread by @rubicon59

Forgotten $IDT is easily worth 3x the current MC, and some day will be, even if via spinoffs.

$IDT making #Net2Phone great again; having once sold it to ATT for $1.4b, then (6 yrs later) reaquired for $28m. 😂😂

Now it alone possibly worth more than the entire $IDT MC! 👀

How long before #Net2Phone spun out of $IDT at a $1b+ valuation?

How $IDT values its businesses:

Money Trnfsr.: $214m - 430m
POS Network: $150m - 200m
Net2Phone: $195m - 390m
Telecom: $275m - 350m

Total IDT: $734m - 1,370m
Current MC: $316m

Market ignores $IDT now because “no visible catalysts”.

Market underestimating Howard Jonas? Again?

$RNG: 30% growth, 74% GM, MC is 30x revenue
Net2Phone: 33% growth, 80% GM
- @ 8x revenue, Net2Phone = $IDT current MC

What's up with $IDT? Just being "discovered" or did Elon mention it by accident?

Is Tesla buying $IDT for its treasury?

Some stocks shoot up 50% in one day on news, others 50% in a few weeks on no-news. $IDT #NoCatalysts

$IDT Q2.
Fast-grown businesses in fire. Revenues YOY:

- Payments (NRS)+150% 👀
- Money Transfer +73%
- Net2phone +36%

IDT after Q2:

- $400m MC
- $125m net cash
- Fast-growth businesses: $120m rev run-rate w/ small ebitda loss
- “No-growth” telecom: >$60m FCF run rate

“Sometimes, a free lunch, is free”

Quick and dirty $IDT val.
3x fast-growth rev. + 1/2 net cash + 6x FCF = $800m value. Which is prob on the low side. Vs. $400m MC

$IDT CC:

- Spinoff Net2Phone by year's end
- Telephony doing well - $40-45m FCF for long time
- NRS (POS Terminals & Merchant services):
- TAM in 100's K's of stores - barely scratched
- Will be way more valuable than IDT now
- GM & NM will continue to increase

$IDT CC:
"Penis business doing well" !? ....oh "pinless". OK

I guess market liked earnings. $IDT +15%

$IDT Nice Q3. Even old telephony business is growing. Low-teens P/fcf now. Stock, after >2x ytd, no longer the no-brainer-bargain.

Well, Mr. Market liked $IDT Q3

Can $IDT please take a break from going up?

$IDT must’ve been a good analyst preso today.

Lol 😂 j🤷‍♂️

https://twitter.com/AltaFoxCapital/status/1410950745239789568

Odd. In Dec, couldn’t give $IDT away on fintwit. Now, 4x later, pile in?