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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40540)	12/29/2003 1:55:29 PM
From: Johnny Canuck	Respond to of 69301

07:12 IDT IDT highlighted positively in Barron's (20.39 ) Barron's highlights IDT Corp, a telecom that dominates the pre-paid phone-card market for immigrants (primarily Northeast Hispanic community). The co is trying to prove it can succeed in a host of other ventures, including animated movies, wireless communications and VoIP phone calls. IDT has also expanded to Europe, California and the Southwest with a market value at $1.6 bln with more than $1 bln in cash and equivalents and no debt. Peter Eisele, an analyst with Snyder Capital states, "I don't see a lot of downside." However, despite the co's cash position and successful phone-card business, the stock does not trade higher because IDT is still losing money with almost no coverage from Wall Street analysts. IDT Chairman Howard Jonas says all money-losing operations could be profit able by July, the end of IDT's FY. CEO Jim Courter says the core telecom operations could produce $100 mln in free cash flow in 2004. If Jones and Courter are right, the shares of IDT could rise to 30 within a year. 07:09 DOW cut to Hold from Buy at Smith Barney -- valuation (41.64 ) Firm views Dow Chemical (DOW) shares as fairly valued at 15x normalized EPS of $2.75/share. Firm notes that this is strictly a valuation call, and believes fundamentals are still improving for the industry.