Eric Brandley's questions to IDT Corp (IDT) leadership • Q2 2025
Question
Eric Brandley asked for more detail on the decision to increase share repurchases, specifically questioning what investor feedback prompted the change in capital allocation strategy.
Answer
CEO Shmuel Jonas responded that the decision was influenced by persistent feedback from investors on nearly every call, who questioned the company's large cash balance and advocated for more buybacks and dividend increases. He affirmed that IDT aims to be a shareholder-friendly company and that management felt it was a good opportunity to repurchase shares.