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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (47665)7/19/2012 1:52:03 PM
From: Paul Senior  Read Replies (1) of 78745
 
JCI: Not a good day for Johnson Conrols (earnings miss). I find this conglomerate tough to value -- three major business segments. And a mixed macro environment: European operations not doing so well; heat wave here helping USA operations. Company looks fully-valued on some metrics (e.g. imo p/sales). Otoh, if national/international economies improve, I'd guess JCI will do okay, and stock will revert to a higher p/e and higher stock price than currently. (I hadn't realized how large the company was: 162,000 employees according to Yahoo)
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From a 10/11 JCI presentation:

Year-over-year revenue growth in 64 of the last 65 years
Earnings growth in 20 of the last 21 years

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I'll take a very small number of shares for a tracking position.

finance.yahoo.com
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