IDT Corporation: After Recent Events, Now Selling At 3x EBITDA
- IDT sold Fabrix generating $74m cash inflow. Following the sale net cash makes up 60% of IDT market value. Remaining operations are trading at 3xEBITDA.
- Newly launched money transfer business is growing exponentially.
- IDT has 50% upside with a strong downside protection. It pays 4.3% dividend with high likelihood of special dividend following the sale of Fabrix.