Tim Insko
Long/short equity, value, special situations, research analyst

Valuing Modine Manufacturing's Turnaround

When examining a turnaround story, it is important to look beyond the excitement of an improving business and look deeper into the long-term implications. It's easy to get caught up at the hype, attach a higher multiple, and see all the potential upside while believing that most of the downside risk is reduced by the company's historically low stock price. For this valuation, I take apart the turnaround currently underway at Modine Manufacturing (NYSE:MOD) in order to see what the future may hold for this Midwest company's shareholders.

Business Summary

Modine Manufacturing is a 98-year-old engineering firm specializing in heating and cooling products. With facilities in 10 countries, the company produces engine cooling systems, radiators, condensers, and air...

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