IDT: Telecom Targets Cuba

05/28/2015 8:00 am EST

Focus: STOCKS

Nick Hodge

Founder and President, Outsider Club

Established in 1990—and a pioneer in VoIP telephony—our latest featured recommendation is also a play on the opening up of Cuba, suggests Nick Hodge, editor of Like Minded People.

IDT Corporation (IDT) is a leading communication and financial services brand as well as remaining one of the fastest-growing carriers of international voice termination.

The company employs over 1,250 people across 21 countries and has revenues in excess of $1.6 billion. And it’s the only US-based telecom company licensed to do business in Cuba.

IDT Telecom’s Retail flagship service is BOSS Revolution, which helps immigrants and the under-banked to conveniently and affordably communicate and share resources around the world.

BOSS Revolution is a collection of communication and financial products, fulfilled through one portal, accessible under one platform, offered across multiple channels and presented under a single brand.

In addition, IDT also holds majority interests in two early-stage technology companies focused on high growth industries.

One, Zedge, is a mobile content platform. The other, Fabrix Systems, is a cloud-based platform, which provides a scalable solution optimized for media and big data processing and delivery.

IDT has a market cap of $407.5 million. It has $152 million in cash, equivalents, and marketable securities.

It pays a quarterly dividend of $0.18, or $0.72 annually, which works out to a yield of 4.15%. We’re buying IDT Corp. below $19 per share.

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