Insiders have been snapping up shares of Modine Manufacturing (MOD), which makes heat management products. Sadly for insiders, shares keep falling to fresh lows.
Investors have grown spooked that Modine has considerable exposure to Europe, and fear that a continent-wide economic meltdown will crimp results. That would be a shame because management has embarked on a series of cost-cutting moves that would have set the stage for sharply rising EPS.
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