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P Pitch Archive Stock pitches across investing competitions
← Spring 2016

IDT Corporation

IDT position long Adam Wyden

Thesis

Adam Wyden believes IDT is undervalued, trading below its cash value with significant assets including $200 million in cash and NOLs. He sees potential for the stock to increase further due to the value of its shale assets and the entertainment division, which is not being valued by the market.

Did it work?

inconclusive confidence: low

No price performance data and no time elapsed information are available, so the long thesis on IDT cannot be measured against actual returns. The thesis rests on asset-value recognition (cash, NOLs, shale assets, entertainment division), but there is no evidence of whether the market ever re-rated these assets. Without either a return figure or confirmation that the value-unlocking events occurred, no verdict on success or failure is possible.