Ep. 156 - Howard Jonas: One of the Best Investors You've Never Heard of with Joe Boskovich, Co-Founder and Partner at Old West Investment Management
For this episode of the Planet MicroCap Podcast, I spoke with Joe Boskovich. He is the Founder and Co-Partner of Old West Investment Management. We did an interview for the SNN YouTube Channel, where we dive deep into Joe's investment strategy, so I invite you all to check that out. Joe recently published a write-up on Howard Jonas, an investor who has built a billion dollar empire, who, according to Joe's write-up, "founded IDT Corporation in 1990 as a provider of a call re-origination service. He took his company public in 1996 and built it to the point where today it generates $1.5 billion in revenue per year from the sale of communications and payment services. IDT has also been incredibly successful at creating value for its shareholders by using the cash flows from its core business to fund a wide array of growth initiatives. In the past decade IDT has spun-off 5 public companies and sold a 6th after which it provided a special dividend to shareholders." Howard is one the best microcap investors, founder, CEO, capital allocators you've never heard of, and Joe has done a ton of work and due diligence on all his businesses.