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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (17367)11/28/2002 4:39:23 PM
From: Torus  Read Replies (2) of 18998
 
Oh wise and truthful consumer of Doritos...
Oh one whose flatulence brings the bouquet of bean dip...
Oh spurner of all recommended psychotropic medications...
Hear my plea.

Every two years or so I humbly ask His opinion on IDT, that turdly phone company which I ought to hate but cannot seem to wring from my pitiful portfolio. Amidst the wreckage of the telecom industry, they managed to avoid any debt, they swindled $1 Billion in cash from AT&T (and are still holding it), they continue to increase revenue, and they pick up valuable assets for pennies on the dollar from the telecoms who prostituted themselves for outrageous loans and are now wallowing in (or near) bankruptcy.

Of course they have no analyst coverage since they won't play the game, but they seem to simply continue running and growing a business.

Will this company (and particularly the shareholders) benefit from their frugality and hard work, or will this closely held company simply continue to exist as the near private plaything of the majority owner?
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