I’m selling MOD (Modine manufacturing) after this historic rise due to concentration risk with the IPOs coming up. Nordson Corporation (NDSN), AMETEK(AME) or Cognex Corp (CGNX) as a replacement?

AI Summary

Author is selling Modine Manufacturing after a large run due to concentration risk and views Nordson, AMETEK, and Cognex as potential replacement holdings with differing moat, growth, and valuation tradeoffs.

MOD — AVOID The author is exiting Modine Manufacturing after a historic rise, citing concentration risk and the view that MOD is a single-play serving an industry that is not profitable. The stated catalyst is upcoming IPOs prompting portfolio rebalancing, and the main risk acknowledged is the concentrated exposure to an unprofitable end industry.

I’m selling MOD (Modine manufacturing) after this historic rise due to concentration risk with the IPOs coming up.

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u/didyouseetheecho Reddit r/ValueInvesting

Selling MOD on concentration and industry risk

The author is exiting Modine Manufacturing after a historic rise, citing concentration risk and the view that MOD is a single-play serving an industry that is not profitable. The stated catalyst is upcoming IPOs prompting portfolio rebalancing, and the main risk acknowledged is the concentrated exposure to an unprofitable end industry.

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