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What: Shares of industrial machinery manufacturer Gardner Denver
So what: CEO Barry Pennypacker quit the company unexpectedly and the vacancy at the top of the company has investors concerned about its future. Pennypacker was credited for helping improve the company's margins and growth in recent years.
Now what: Pennypacker's aggressive style appears to have rubbed people the wrong way and may have contributed to his exit. The company has had high turnover at the top and the board may have had enough. This leaves some question marks for the company, but with shares trading at just nine times trailing earnings I think the stock can recover from this fall.
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