Carbondale Capital
Long only, value, growth at reasonable price

IDT: Despite Significant Gains, Even More Undervalued After Recent Earnings

IDT Corporation (NYSE:IDT) is a conglomerate of several telecom related businesses and a video technology business. The company has a number of moving parts - some of which are growing, some shrinking, and some that are currently untapped but that are about to be unleashed. Due to this complexity the market has been pricing IDT extremely inefficiently and has only begun to appreciate the value that the shares hold.

While we have been quite bullish on IDT for months, after the recent quarterly results and conference call we have revised our valuation upwards. Statements made during the last call combined with strong realized business performance show that the stock is dramatically more undervalued than we originally thought. We...

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