UBI To Drive CalAmp's Growth: Correction Offers Excellent Buying Opportunity
- CalAmp’s Wireless DataCom business has tremendous growth prospects in the UBI (Usage-Based Insurance) market.
- UBI will represent more than 100 million policies generating more than $80 billion in premiums by 2020.
- CalAmp is the leading device technology provider for UBI in North America, while Europe offers huge growth opportunities.
- The company's stock may have 100% upside and the recent sell-off provides excellent investing opportunity.