IDT (IDT) is a serial spinner. Over the life of this blog alone the telecommunications company helmed by former hot dog stand operator/current billionaire Howard Jonas has spun off oil & gas assets (Genie Energy, GNE), ringtones (Zedge, ZDGE) and intellectual property/spectrum assets (Straight Path Communications). Quite an odd assortment of assets for a telecom company, but it… Read More »
Late October is shaping up to be a pretty busy period for spinoffs and one of the many expected separations will be IDT Corporation’s (IDT) spinoff of Genie Energy. Please read our earlier post about the spin here, but as a quick refresher, the plan is to spin out IDT’s energy assets from its telecommunications business. Yes, IDT… Read More »
Cover via Amazon A corporate conglomerate is truly a wonderful thing. Growth through acquisitions often leaves these companies quite bloated and operating in unexpected areas though. Sometimes this is done on purpose in order to diversify exposure by investing in unrelated areas. These ancillary businesses surrounding the ‘core’ can be quite surprising and make you go ‘Really?’ –… Read More »