Deep Sail Capital on X
@OnodaCapital $MOD Is crazy cheap here post spin. Here is what I think of the neoclouds: https://t.co/TmwbPuKW2v
NYSE
Modine Manufacturing CO
MOD
10 stories
$7.3B Market cap · 2026-10-28
Deep Sail Capital on X
$PNG.V: Kraken is the subsystem prime for AUVs, batteries, sonar and navigation (via Covelya/Sonardyne) so it captures $3–5m of content per hull as Anduril and the navies scale up uncrewed fleets $THEON: Theon is NATO’s night-vision franchise, just got into counter drones. Cheap, and growing +20% $MOD — After the October 1 spin, Modine is a pure-play data center cooling company the market still prices like an auto-parts supplier, at roughly 10x FY28E EBITDA versus Vertiv near 40x, while large chillers and air handlers for Google and Amazon grow 60%+ $TOI.V — Topicus is Constellation’s European vertical-software arm, with 6% recurring organic growth. I think it re-rates once the new CEO puts its €180m+ half-yearly free cash flow back to work on acquisitions.
Deep Sail Capital on X
Kraken Robotics $PNG.NE Theon $THEON Modine $MOD Topicus $TOI.NE
Modine Manufacturing: A Hidden Winner In The AI Infrastructure Boom
Modine Manufacturing’s data center cooling business leads growth, backed by hyperscaler contracts, record orders and sold-out capacity…
Kurt Christensen 3 clicks
Modine Deep Dive
Modine, soon Modexus Solutions, has a $4 billion hyperscaler cooling contract but must ramp factory output and restore margins as data…
PAA Research on X
Jevons Paradox Is Not a Business Model: We Might Be Building Too Much Compute and Four Other Reasons Why the AI CAPEX Cycle Could Come Crashing Down https://t.co/EFTszhT3kH $ALAB $APLD $BE $CAT $CLS $CRWV $ETN $FN $GEV $HUT $LITE $MOD $NBIS $NVT $ORCL $POWL $STRL $TLN $VRT
Quick Value #332 - Gentherm (THRM)
Gentherm’s Oct. 1 Reverse Morris Trust with Modine adds commercial and off-highway operations, leaving THRM at 7.4x pro forma EBITDA with…
Colin King on X
Imminent spin-off activity coming: • $CTVA → $VYLR set for Oct 1 • $MOD → $THRM (RMT) set for Oct 1 Behind that we have: • $KBR investor day Nov '26 → spin early '27 • $FLEX investor day Nov '26 → spin early '27 • $GPC investor day Dec '26 → spin early '27
A Capital on X
Buy a a temporarily execution-dislocated AI cooling business at $186 before the mediocre automotive business disappears and the RemainCo gets a clean public valuation? $MOD 🤷♂️ https://t.co/oUeZanrue7
BREAKING: Modine's Anchor Multi-Billion-Dollar Customers Are Google and Amazon
Modine's leaked database identifies Google behind a $4 billion agreement and $4.5 billion of additional demand, with nearly $15 billion of…
Investor Letters
Letters that discuss MOD.
- Artisan Partners Artisan Small Cap Fund Quarterly Commentary Q3 2026 BIRK $5.2BCOCO $3.2BGKOS $11B
- Artisan Partners Artisan Global Discovery Fund Quarterly Commentary Q3 2026 CGNX $9.3BCLH $17BCOMP $7.5B
- Artisan Partners Artisan Small Cap Fund Quarterly Commentary Q2 2026 ASND $16BCIGI $4.8BFLEX $30B
- Artisan Partners Artisan Mid Cap Fund Quarterly Commentary Q2 2026 0HQW COR $63BENTG $23B
- Baird Equity Asset Management Q2 2026 Commentary and Market Outlook Q2 2026 AAON $5.8BAGYS $3.4BALKS $7.4B
- Artisan Partners Artisan Small Cap Fund Quarterly Commentary Q1 2026 BWIN $4.5BCOMP $7.5BFLEX $30B
- Artisan Partners Artisan Global Discovery Fund Quarterly Commentary Q1 2026 ASMXF $41BCOHR $41BCOMP $7.5B
- Choice Equities 2025 Q2 Investor Letter second quarter 2025 GENI $1.8BMGNI $3.1BMOD $7.3B
- PenderFund Capital Management Ltd. Pender US Small/Mid Cap Equity Fund Manager’s Commentary, July 2026 JULY 2026 AMZN $2.7T
- Artisan Partners Quarterly Commentary: Artisan Small Cap Fund Q4 2025 BRKR $8.7BCLBT $3BCOCO $3.2B
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