Samir Patel from Askeladden Capital on MIX Telematics $MIXT
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