Samir Patel, Portfolio Manager at Askeladden Capital, joins the podcast to discuss Mix Telematics (MIXT) and why he sent a letter to the company pushing for change.  

Askeladden's letter to MIXT: https://www.accesswire.com/723191/Askeladden-Capital-Announces-Activist-Position-in-MiX-Telematics-NYSEMIXT 

Chapters

• 0:00 Intro 
• 2:50 MIXT Overview 
• 5:45 MIXT's hardware to subscription switch 
• 9:30 The economics of a MIXT subscription 
• 12:30 What's the moat that prevents competitors entering the market? 
• 18:30 MIXT retention and churn 
• 21:00 MIXT high level valuation 
• 24:20 Precedent comps for MIXT 
• 27:30 Why did Askeladden send a letter to MIXT? 
• 35:45 Digging into MIXT's lack of growth and margin expansion 
• 39:15 MIXT's history of missing long term targets 
• 43:45 Would a PE takeout make sense for MIXT? 
• 46:00 MIXT's sales force 
• 48:30 Tracking MIXT's progress in the near term 
• 56:45 MIXT's recent chairman resignation and insider sales