Modine Manufacturing: Temporary Dip Or?

Price: $9.50Forward P/E: 6.5Earn. Growth: 62%Projected Sales Growth: 17%Market Cap: $442 millionWhy It's Featured: Solid earnings growth this year and next; moving from cars to trucks.Danger Zones: Execution risk from new focus; still very small company.Modine Manufacturing Company (NYSE: MOD) engages in the development, manufacture, and marketing of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and to various building, industrial, refrigeration, and fuel cell markets. It sells power train cooling products, including engine cooling modules, radiators, charge-air-coolers, condensers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge-air-coolers, and intake air coolers; oil coolers consisting of transmission oil coolers and power steering coolers; and fuel coolers. The company also makes gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, including commercial fin-tube radiation, cabinet unit heaters, and convectors; roof mounted direct and indirect fired makeup air units; unit ventilators; close control units for precise temperature and humidity control applications; chillers; ceiling cassettes; and condensing units and coils for heating, refrigeration, air conditioning, and vehicular applications.Its customers include truck, automobile, bus, specialty vehicle, agricultural and construction, and heating and cooling OEMs; construction contractors; wholesalers of plumbing and heating equipment; fuel cell manufacturers; engine manufacturers; industrial manufacturers of material handling equipment, generator sets, and compressors; and various end users. The company sells primarily in North America, Europe, South America, Africa, and the Asia/Pacific region. The company was founded in 1916 and is ...

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