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