IDT CORP IDT
December 23, 2022 - 12:44pm EST by
member
| 2022 | 2023 | ||||||
| Price: | 27.96 | EPS | 0 | 0 | |||
| Shares Out. (in M): | 26 | P/E | 0 | 0 | |||
| Market Cap (in $M): | 711 | P/FCF | 0 | 0 | |||
| Net Debt (in $M): | 136 | EBIT | 0 | 0 | |||
| TEV (in $M): | 575 | TEV/EBIT | 0 | 0 | |||
- IDT CORP IDT 06/30/2021
- IDT CORP IDT 02/03/2013
- IDT CORP IDT 11/09/2010
- IDT Corp IDT 12/08/2004
- IDT Corp IDT 01/29/2002
- IDT CORP IDT.B 06/06/2013
- BETA
- INTEGRATED DEVICE TECH INC IDTI 10/05/2012
- GENIE ENERGY LTD GNE 08/22/2012
- NEWPARK RESOURCES NR 09/15/2023
- STRAIGHT PATH COMMUNICATIONS STRP 08/12/2013
Description
| show sort by |
You are not eligible to view 1 messages. To gain access to more recent message posts signup free for membership.
| 70 | |
I meant for my reply to be to Evan, since he asked the question. I'm sorry to have offended your delicate emotions. Please accept my sincerest apologies as I would never want to... login to read the rest | |
| 69 | |
Chuck -
You and I are free to draw what we will from the actions of Whitman/Zell. Please stick your "we" label, as in "I'm not sure what view WE can have", on someone else's forehead.
"The... login to read the rest | |
| 68 | |
I'm not sure what view we can have. The 5% ownership rule is very plainly made by both the IRS (Sect. 382 rules) and DHC's bylaws. Paying no taxes for the next several... login to read the rest | |
| 67 | |
It appears that Whitman's lives by his construct of two distinct groups of shareholder...insiders and outside minority passive shareholders. The two groups, he argues, have differing sets of opportunities and priveledges.
I like living and investing | |
| 66 | |
Any opinion out there on the no-proceeds sale recently announced?
Insiders Sam Zell, Third Ave. and D.E. Shaw are cumulatively reducing their positions by up to 41%.
Apparently no shares can be purchased by 5% holders or | |
| 65 | |
I've been watching in amazement too. Obviously, as my sale indicates, I was surprised by the rapidity of the value realization.
Today's $6.60/share or so equates to $10.02 / share pre Rights Offering:
($6.60 * 1.75)... login to read the rest | |
| 64 | |
Chuck -
I recall you mentioned that you sold this at over $9 per share (post hype, pre-massively diluting transactions). You've probably gone on to the next thing, but it's curious to take a look back... login to read the rest | |
| 63 | |
So let’s see if we can estimate the present value of Covanta’s unlevered free cash flow under current conditions. I made the same assumptions that I described above regarding the tax benefit that the... login to read the rest | |
| 62 | |
My message was too long, so it was truncated. Here's the rest:
Covanta has 26 plants, so this indicates an average expected annual operating profit per plant of a little over $4 million per year.
Deducting... login to read the rest | |
| 61 | |
Well, since people are asking about free cash flow... This was my analysis of cash flow from a few weeks ago. I didn't post it then, because interest in the name seemed to... login to read the rest | |
| 59 | |
At least I am admitting my sale. Nothing has changed in the story. I think there is still plenty of money to be made, but each individual portfolio has different issues. Mine... login to read the rest | |
| 58 | |
Now, now Chucky...the issues that you mention as reasons for your sale were all well harped upon many moons ago. There was, at that time, no relenting on your part when these things were described... login to read the rest | |
| 57 | |
I've sold my position. When I first started looking at DHC at $5/share and when I first started investing in DHC at around $5.85/share, the probabilistically weighted outcomes were much more in my favor.... login to read the rest | |
| 56 | |
The Covanta 10K defines Restricted Funds as funds received by third party trustees relating to projects owned by the Company and used in part for "debt service reserves for payment of principal and interest on... login to read the rest | |
| 55 | |
Regarding messages #37 and #38, what is the right way to look at the amount of free cash that the company will generate? Are you subtracting the amortization of the principal of the project | |
| 54 | |
Must be initiated w/in 75 days of the close (by mid May). | |
| 53 | |
Are there any details to the timing of the rights offering? | |
| 52 | |
can you comment on the closing re: a fair target ebitda multiple. many comps i have looked at trade at approx 8x. also, what do you expect dhc to dow ith their two... login to read the rest | |
| 51 | |
The transaction just closed and the Rights Offering will happen within 75 days.
http://biz.yahoo.com/prnews/040310/cgw062_1.html | |
| 50 | |
can you give us an update on the confirmation proceedings and, if conbfirmed, the timing of closing and the timing of teh rights offering. | |
| 49 | |
Sorry it’s taken me so long to respond to your question about unit operating costs. I haven’t been able to get any cost breakdowns for individual Covanta plants, but American Ref-Fuel last year sold... login to read the rest | |
| 48 | |
Otto -
I assume you were directing your question to me since I pasted the piece on the historical impact of environmental regulation on the industry.
First off, the name of the article is "The Impact... login to read the rest | |
| 47 | |
i dont get your point. are you suggesting large future investments will be necessary?? the article seems to imply that those investments were already required and, i am assuming, already made by covanta (i.e... login to read the rest | |
| 46 | |
As a concurrent development during this period, in 1986 Congress passed the Tax Reform Act. Prior to 1986, Federal financial incentives for the municipal waste combustion industry included grants for feasibility studies and pilot projects,... login to read the rest | |
| 45 | |
Below is an excerpt from a study available at the DOE website on environmental regulation on the garbage incineration industry.
___________________
Background
Between 1960 and 1998, Federal regulations governing plant operations changed considerably. This paper divides the 38-year... login to read the rest | |
| 44 | |
Chuck -
Since I didn't hear back from you on comparable companies, I decided to do a little digging. Starting with a Google search on "Municipal Solid Waste Incineration Industry", I eventually found the following names,... login to read the rest | |
| 43 | |
Nice work, Lombardi. Unit-level economics are inextricably embedded in the service contracts. Better to look at holding company cash flows only, plus residual values once the service contracts end. But it's hard to estimate residual... login to read the rest | |
| 42 | |
Happy to exchange ideas as well.
I don't view this as a leveraged LBO. In an LBO you use cash flow to pay down debt and accrue value to the equity holders b/c the Enterprise... login to read the rest | |
| 41 | |
Thanks for your posts and work. 90% of the reason I love this website is to learn from other investors and to have thoughtful exchanges with the,
While I mentioned in my write-up the project... login to read the rest | |
| 40 | |
well said. didn't see your post until just now, but eloquently states what my less than eloquent post was trying to convey. FCF after debt amortization is the only way to look at... login to read the rest | |