Response on IDT from previous posting

Yes, they reported a profit 5 years ago. But what is interesting here is their ownership of FCC bandwith that is being used in the wiMAX rollout (real estate in the sky) and possible energy play (it appears they are using the same business model that they have applied to teleco).

I just found out about the company yesterday searching the internet and found that the Kahn Brothers have been buying up lots of shares while dumping most of their portfolio. I remember at the beginning of the last bull market that began around 2003, Irving Kahn gave Barrons some stock tips that went up over 1000%. So if indeed the market will rally, I assume this stock will as well.

And it's a cheap option since their cash assets pays for their debt, so you pay to wait for a turn around. Don't take my word for it, let Mr. Graham and Dodd sum it up:

"In dealing with other types of security commitments, we have striven throughout to guard the student against overemphasis upon the supficial and the temporary. Twenty years of varied experience in Wall Street have taught the senior author that this overemphasis is at once the delusion and nemesis of the world of finance."