Samir Patel from Askeladden Capital on MIX Telematics $MIXT
Nov 14, 2022•1 hr 3 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
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
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast