Fleet tracking isn't sexy but it's sticky, and PWR's recurring revenue model puts them in the same neighbou…by @sextant_za on $PWR

Fleet tracking isn't sexy but it's sticky, and PWR's recurring revenue model puts them in the same neighbourhood as Datatrak or Altron's logistics plays. The real question is whether they can grow subscribers faster than the rand weakens their dollar earnings. R62 feels reasonable if management can prove the US expansion isn't just burning cash.