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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: gerard mangiardi who wrote (9090)6/9/1999 1:29:00 PM
From: blankmind  Read Replies (2) | Respond to of 30916
 
I feel this stock is a takeover play, because the market has some inertia to overcome to give it the value most of us think it deserves. I wonder if Jonas feels the same way.

mgmt had a chance, and all they had to do was meet earnings estimate, which they could have done, easily. hj should have learned when idtc was pummeled to single digits after the first miss 2 q's ago, if he want idtc to be fairly priced, meet the estimates the company puts forth. until he gains investor trust, expect to trade at pennies on the dollar.

on a takeover, at 28, it would only represent 1 times next year revs. would someone be willing to pay 3x next years revs or $75? not when idtc hovers near 21, will someone pay 3x the current price.