IDT Corporation
Thesis
IDT is a small cap conglomerate that has successfully used cash flows from its telecom business to incubate and spin off other businesses, leading to significant value creation. The company has compounded value per share in excess of 20% over the last decade, and its National Retail Solutions (NRS) business, which has high margins and rapid growth, is expected to be spun off, providing further upside for investors at current prices.
Did it work?
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The potential for value creation through the NRS spin-off and historical performance are promising, but without concrete results or timelines, the outcome remains uncertain.
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