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Solid Growth Continues At MiX Telematics

September 4th, 2018 · No Comments

  • After some woes in the energy sector the last 18 months or so, the company has returned to a solid growth path.
  • The company is scoring big new customers and fleet extensions of existing customers.
  • The popularity of bundled deals, premium fleet, and cross-selling additional services produces margin expansion and a rising ARPU.
  • The shares are still reasonably priced on a sales multiple but more expensive on an earnings multiple.

Source: Solid Growth Continues At MiX Telematics – MiX Telematics Limited (NYSE:MIXT) | Seeking Alpha

Tags: MIXT