A bit of hope
This is not the first time that companies like IDT fell dramatically from their 52 week highs. Take a look at SDTI it was at $40.00 not too long ago, but because of profit warnings etc. the stock fell to 5.43!in a short time
But if you were an intelligent investor and new the value of the company and looked a bit ahead, you could have had a nice return on your money. Because after all the sellers left, and all the bad news was over, the stock is well on its way back to $40.00
To me, this company looks very strong. One of the main things that this company has going for them, is management. To take a company from a few million in revenues to close to $500,000,000 in revenues in a few years, with showing a profit, is a great accomplishment.
They have around $150,000,000 in cash
Around $10.00 book value
There will be a lot of selling tomorrow, and that is what I wait for.
After selling some of my SDTI, which I made a great return buying it almost at its low, I will now look to buy some IDT from the many sellers tomorrow.
let the selling begin....I need my next 200% winner!
Good luck
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