Modine Manufacturing Co. (MOD)

scoobamang (88.43) Submitted: 11/2/2009 2:48:07 PM : Start Price: $9.28 MOD Score: -9.52

Declining revenue, poor fundamentals, near 52 week high and in an industry that won't pick up anytime soon.

mjonesy1985 (69.13) Submitted: 6/23/2009 11:09:52 AM : Start Price: $4.47 MOD Score: +114.87

under valued

LawfordCap (99.94) Submitted: 5/5/2009 3:29:28 PM : Start Price: $4.44 MOD Score: +117.58

trend PS test

shopon2000 (59.30) Submitted: 4/21/2009 1:43:22 AM : Start Price: $3.08 MOD Score: +212.10

5.00

jrkirk (< 20) Submitted: 4/9/2009 5:56:05 PM : Start Price: $3.62 MOD Score: +163.82

Insiders are accumulating this stock, and it is way below historical price range. I notice that Mario G. still owns it in his funds as well. If it is good enough for him, I don't mind owning it also.

splince (< 20) Submitted: 7/2/2008 2:37:08 AM : Start Price: $13.21 MOD Score: -7.09

Hard working Sconnys!

aaacs (80.66) Submitted: 2/12/2008 12:19:41 PM : Start Price: $12.95 MOD Score: -1.95

NORTH AMERICAN TRUCK MARKET HAS BOTTOMED

AngleEdge (98.01) Submitted: 1/22/2008 1:33:03 PM : Start Price: $15.68 MOD Score: +9.40

This company competes in the highly cost conscious auto parts industry. Though they have been trying to diversify away from the auto market in recent years, they are still dependent on this cyclical industry. In particular, the downturn in the North American truck market has hurt Modine. There was a big ramp-up in purchasing from auto manufacturers a few years back prior to tougher emission standards being enacted, but sales have dropped off of a cliff since then. The next new standards should be enacted around 2009/2010 timeframe so there may be a catalyst to the stock at that time,. but there will be some tough headwinds until then.

Modine also faces increasing raw materials costs, which make up a large portion of their products (copper, steel, aluminum). The company has been operating cash flow negative for a couple of quarters and I wouldn't be surprised to see the dividend cut pretty soon.

All in all, I would stay away from this one till signs of the truck market rebound are present. Better places to invest one's money till that point.