Part 2/6:
Ron Gross highlighted Modine Manufacturing (MOD), a micro-cap manufacturing company valued at around $500 million, specializing in thermal management systems for vehicles and industrial equipment, including ventilation and air conditioning systems. Despite operating in challenging end markets like agriculture and mining, Gross noted that Modine's recent earnings report showed promising results.
The company is currently undergoing cost-cutting measures, which Gross believes will position it favorably once market conditions improve. At the time of his analysis, Modine's stock was priced at approximately $11, and Gross sees significant upside potential, estimating a value of $17 per share, which reflects a potential 50% increase.