rather unique -- some idt management buying shares (i believe though, imo, the irs issue is paramount).
gurufocus.com
"IDT Corp. (IDT):
CEO and Vice Chairman, Director James A. Courter Bought 240,000 Shares
Telecommunications and industrial Company, IDT Corporation (IDT) took in a bigger quarterly loss of $62.5 million compared to loss of $27 million from a year ago.
The company will acquire 75% of the Colorado based EGL Oil Shale, LLC, which will be renamed AMSO, LLC.
Mason Hawkins, Third Avenue Management, Irving Kahn, and Bruce Berkowitz own considerable shares of IDT stock.
On 3/14/08, CEO and Vice Chairman, Director James A. Courter bought 240,000 shares, and Executive Vice President Marc E. Knoller bought 10,000 shares at $3.81 and $3.86, correspondingly.
Insider sells were made between $6.87 and $8.73 since the beginning of this year: Chairman of the Board, Director, and 10% Owner Howard S. Jonas sold 120,000, EVP and Corporate Secretary Joyce J. Mason sold 29,191 shares, Former Executive VP of Technol Kathleen B. Timko sold 13,878 shares, EVP of Strategic Planning Moshe Kaganoff sold 2,986 shares, and Director Eric F. Cosentino sold 1,800 shares.
IDT Corp. has a market cap of $271.44 million; its shares were traded at around $3.88 with P/S ratio of 0.15. The dividend yield of IDT Corp. stocks is 7.2%."
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In looking at Oracle, the shares for Mason, etc., were actually shares sold to pay taxes for options awarded. (And it may be IDT actually picked up those shares, as IDT reported in its earnings release it had done that last year, and this -- January.) Those woudl be for the names listed above, for this year. Though Kaganoff was a market sale -- prior to some of management buying shares, and prior to the exercise of option tax payment sales.
The shares for Howard Jonas imo had to do with charity donations, but were sold late last year, not this year. That is periodic.
Also, yesterday, Ira Greenstein, President of IDT, bought 50,000 shares of IDT at $3.73. And that happened after the news above came out, so he/his purchase is not mentioned in the news commentary above.
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