Sell: MiX Telematics Limited (MIXT)
From Cabot Emerging Markets Investor
Updated from Wall Street’s Best Investments 812, December 19, 2018
MiX Telematics Limited (MIXT), has shown uninspiring action of late. The stock is underperforming on a relative basis and is trading below all its major moving averages. Yes, earnings (due out January 31) could change that, but I don’t like the lack of a bounce even as EM stocks have rebounded. I now advise selling your position. I’m moving the rating to SELL.
Carl Delfeld, Cabot Emerging Markets Investor, www.cabotwealth.com, 978-745-5532, January 17, 2019
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