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

Samir Patel from Askeladden Capital on MIX Telematics $MIXT