Modine Manufacturing Company
MOD
position
long
Preston Athey
Thesis
Modine is a manufacturer of automotive radiators and heat exchange equipment with a strong market position. The investor started buying shares at around $8, seeing potential for earnings to reach $1.50 in 2015, which could lead to a significant return if the stock trades at a 10x multiple.
Did it work?
worked
confidence: high
The stock price has increased by 2332.6% since the pitch, which significantly exceeds the investor's expectations of a 10x multiple based on projected earnings of $1.50. Given that the time elapsed is well beyond the initial target horizon, the thesis has clearly played out successfully.
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