Wednesday, February 11, 2009

Modine Manufacturing defaults on debt

From the Journal Sentinel: http://www.jsonline.com/business/39431377.html

Meanwhile, here's the Journal Times' take on the economy: Michael Burke: What would recession sound like, musically?
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5 comments:

Anonymous said...

If Modine folds or is absorbed by creditors and moves out of Racine, that just may be the start of the blunt end of the pencil erasing Racine off the map.

February 11, 2009 at 1:18 PM
Anonymous said...

Not to worry, logjam, KRM will save the day!

February 11, 2009 at 1:20 PM
AvengingAngel said...

More dribble from RJT. I would wish themclosed, but all that would do is put some good people out of work.

February 11, 2009 at 6:29 PM
Huck Finn said...

Oh god I feel so bad about this. I feel bad because I'm almost gleeful the sorry assed (SNIP)

Heh, phew, what a rant. I seem to have some issues with this Modine place. Best I just shut up now.

February 11, 2009 at 9:05 PM
Huck Finn said...

Oh man, you got to read this. Bloomberg on Modine. The Stock is under a BUCK! They were 27.8 a year and a half ago, and the reason they defaulted was because they didn't keep their debt to equity ratio. If they can't get a waiver, they will have to file bankruptcy.

http://www.bloomberg.com/apps/news?pid=20601103&sid=awFkLZBqITJI&refer=us

February 12, 2009 at 3:41 AM

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