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Technology Stocks : IDT *(idtc) following this new issue?*
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To: BlackDog777 who wrote (2002)2/12/1999 10:29:00 PM
From: Shtirlitz  Read Replies (2) of 30916
 
There are plenty of stocks, where insiders do not buy at all, only exersize options and sell. And most of them are doing pretty well.
Actualy, massive insider buying is a rare case, like CPU, for ex.
I would be more concerned, if IDTC insiders were selling large amounts of shares, which is not the case here.

<<Obviously Wall Street also has some confidence problems with IDTC.>>
I wouldn't look at it this way. Look at the 2 year chart. Do you see the run it had from 4 to 40 in 10 month 2 years ago? Wall Street was very optimistic about the prospects of the company, and the stock has ran way ahead of itself. Therefore a year long pullback. The company had to prove that it is worth its valuation first.
At the current level of 14 it calculates to a 350% return during the last 2 years. Not every stock can do that.
The company has proved itself. 15 quarters of double digit revenue growth, and earnings growth. Rapidly gaining international market share. Agreements with the international telecom leaders. New technoligies. I'd say that IDTC is being acknowledged as a major player in its field, discount and pre-paid long distance, that is.
Plus the internet division deserves a separate valuation.
Now the stock that was overvalued a year ago has become undevalued.
I would expect a year long downtrend to be broken soon.

You are right about KSE, though, he is way too optimistic.
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